This speech from the Science Minister, Mr Chris Skidmore MP, on R&D funding in the UK is worth a read. It is the first in a series of speeches addressing how the UK intends to reach its 2.4% target of R&D spend by 2027. This focuses on nurturing and attracting talent, and integrating Academia with [...]
This article below is a must read-and-share on UK R&D funding. This new CBI/Nexus report summarises what many know already, that the UK lags key economic peers on R&D funding. At this rate won't come close to reaching its 2.4% of GDP target by 2027. The report, which coincides with the launch of a new [...]
Innovation funding: Calling all audio producers! BBC is on an interesting crusade looking for voice experts to to partner with technical engineers to enhance smart speakers and "voice experience". You could earn R&D tax credits. Visit the article here: https://www.broadcastnow.co.uk/bbc/bbc-voice-chiefs-issue-call-for-ideas/5138943.article We can advance your innovation funding, such as R&D tax credits. Visit our home page for [...]
R&D Bridging Loans: Interesting insight from a US centric article, which also has an R&D tax credit scheme. It seems that there exists the same "self-censor" issues (as they put it in this article) as in the UK - ie, companies assume they aren't doing R&D. This checklist guide aimed to steer SMEs away from [...]
R&D innovation: Congratulations to the 2019 winners of the Queens Award for Enterprise. Interestingly 1 in 5 award winners won Innovate UK grants. Next step for those companies is to claim R&D tax credits too. https://www.gov.uk/government/news/queens-awards-success-for-businesses-backed-by-innovate-uk We can provide advance funding for your R&D tax credit. Visit our home page to find out more: https://www.rockinghorsegroup.co.uk
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 [...]
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 [...]
