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Many technology-based start-up businesses are innovative by their very nature. During the first few years of a running a start-up business, claiming R&D Tax Relief may be far from the top of your priorities. However, making a claim could return a significant amount of much-needed cash to your business.
HMRC statistics indicate that 3,375 companies in the Materials Manufacturing and Fabrications industries made R&D Tax Credit claims worth over £185m for the 2017-2018 financial year. As of 2018, there were over 42,600 companies in the materials and fabrication sector, of which, only 8% applied for R&D Tax Relief.
TBAT Innovation Ltd are proud to be part of The RAPID Challenge for 2020. Joining Founding Partner – Prodrive, TBAT are this year's Lead Partner, offering their expertise in funding innovation through UK & EU Grant Funding and R&D Tax Relief.
Register your interest with us, if you'd like our help applying for the £175k Innovation Support Grants that Innovate UK are due to offer to 'new customers', in light of the COVID-19 pandemic.
Innovate UK have paused the next round of their Smart Grants 'open' competition. Find out more in this blog post.
A common question with a complex answer. When claiming R&D Tax Relief, your business must be performing eligible R&D activity – but what is R&D for tax purposes and what is eligible R&D activity?
Future Flight Challenge (FFC) is a 4-year, £125 million Industrial Strategy Challenge Fund (ISCF) programme; its funding is delivered by Innovate UK. Phase II of the Future Flight competition opened 11th May 2020 and has £30 million in funding available.
Launched on 20th May 2020, the Future Fund scheme is open for applications for innovative businesses to access the £250 million of support, made available by the UK Government.
On Friday 15th May 2020, Innovate UK released full details about their Continuity Grants and Loans - the COVID-19 support for Innovate UK's Existing Grant Recipients.
Managing Director, Matt Symonds, and Director, Sam Stephens, have cleared their diaries for 1 day to book one-to-one consultations, to discuss R&D funding opportunities for your business!
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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