Identifying and securing the right innovation funding solution for your business has never been more challenging. You have tax incentives, like R&D tax relief, Patent Box and Capital Allowances. Then there are all the different sources of funding – grants, loans, equity investment, venture capital. Each route brings its own challenges, whether they’re around eligibility, the application process or the potential impact they might have on other opportunities.
Getting it right requires a combination of technical and scientific specialisms, industry experience, tax expertise, funding knowledge and – if you have an international presence – local knowledge as well.
What kind of support is available to your business?
R&D Tax Credits
The R&D tax relief scheme is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying research and development. If your company invests in research and
development, you could be eligible for R&D tax credits, allowing you to receive a sizeable rebate in corporation tax, or in some cases, a payable cash credit.
Grant Funding
As a UK company, you can tap into a huge range of grants and subsidies. Our Innovation Partner provides an end-to-end grants consultancy service, which includes writing and submitting grant applications, advising on the potential eligibility of your projects and supporting you in the development of appropriately costed project plans.
Patent Box
Patent Box provides UK companies with the opportunity to benefit from a reduced rate (10%) of corporation tax on relevant profits. Companies have to hold qualifying IP rights or an exclusive IP license, and receive relevant IP income. We’ll help you compile and assess these costs and profits, and prepare a report and associated calculation for inclusion in your tax return.
Capital Allowances
You can claim tax relief on most of the assets associated with the business, which includes the equipment, research cost, and even the expenses involved in building renovations. It is however, one of the most complex areas of UK tax legislation with estimates suggesting that more than 50% of UK businesses are not claiming their entitlement.
Cash Advances
The time taken between investing in R&D and receiving a claim back from HMRC can often create real cash flow challenges for businesses. We can help bridge that gap by offering short-term funding through a selected panel of lenders, with terms tailored to your needs.
Intellectual Property Services
Intellectual property (IP) is a valuable part of any business. IP can be what sets you apart from competitors and can also increase the value of your company when it comes to selling or seeking investment. We can help you protect, optimise, and monetise your IP. We will help you develop your IP strategy and drive a return on IP-related expenditure.
Want to find out more?
If you’d like to find out more about any of the above Innovation Incentives, contact PortfolioExec and we will get back to you to discuss your unique needs and explain how we can assist: anita@portfolioexec.com – 07807 597570.