Food for thought on R&D funding. This article in the Guardian points out that research in universities is already underfunded - covering 72% of costs, and that a cut in fees could lead to university spending moving away from R&D. Important not to forget the incubators and vital partners. Two figures also in here that [...]
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Reminder about the consultation paper to address R&D tax credit abuse. Recall that one of the proposals is to cap tax credits to 3x a company's PAYE/NIC liability (see our previous post on this). This article highlights a good example of a sector that would be adversely affected by this proposal, ie life sciences, who [...]
Further colour HM Government's crackdown on R&D tax credit abuse. Here is a consultation paper they have released where they are inviting responses until May. One of the key proposals is to cap tax credit amounts, above a certain threshold, to 3x a company's total PAYE/NIC liability (not just the R&D linked bit). Though they [...]
This article by UKTN talks about startup funding options. In our view an ideal funding mix is a "balanced diet" of the options listed, to form mostly equity, some debt, and then government incentives such as tax credits and grant funding. Many we speak to are afraid of debt, but in almost all cases having [...]
This article in BDaily highlights how the UK lags other countries in R&D funding. The problem is not that the money is not available, it is that companies are not taking up their entitlements for things like R&D tax credits. Article here: https://bdaily.co.uk/articles/2019/03/26/innovative-businesses-still-to-benefit-from-millions-of-rd-tax-credits We can help your R&D funding programming, by providing advance R&D tax credit [...]
The stats in this article sum it up on how much the construction industry is missing out. According to this article, it is estimated that the value of available R&D tax relief for the UK construction industry is £1bn, yet only £80m is actually being claimed. Put another way, 92% of available government R&D funding [...]
A crackdown on R&D tax credit abuse (rightly) announced by the Chancellor last week will mean two things. 1) you want to be using a good and reputable R&D consultant or accountant with specific R&D tax credentials, and 2) expect more scrutiny from HMRC and the potential for your claim to take longer to get [...]
We provide R&D tax credit advance funding. Visit our homepage to find out how to apply for an R&D tax credit loan: This is a an example of "inclusive capitalism". Innovation spending for the greater good, and not motivated by short termism such as those of equity markets. Business Green is reporting that a group [...]
We provide R&D tax credit advance funding. Visit our homepage for more details on how to apply for an R&D tax credit loan: It seems many were a little underwhelmed by Philip Hammond's commentary on R&D in the Spring Statement. Many note that while he flagged £200bn in innovation spending and R&D funding, the devil [...]
We provide R&D tax credit advance funding. Visit our homepage to find out how to apply for an R&D tax credit loan: https://www.rockinghorsegroup.co.uk A funding ecosystem for startups of both equity as well as innovative debt, working in conjunction with government funding incentives such as R&D funding, and bringing in like-minded people like CEOs of larger [...]