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We are delighted that one of our clients has recently succeeded in being offered grant support from Innovate UK (formally the Technology Strategy Board). The project was successful in requesting feasibility funding from one of the Innovate UK competition calls; to develop a unique manufacturing process. The management team will now utilise the funding to […]

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Research and Development tax credits remain an area of uncertainty for large and small businesses alike. In our experience , only around 50% of those  companies eligible have investigated the opportunity and of those, around 10-20% have made a claim.  This is often because they have taken an ‘accountancy approach’ when looking at pulling claims together. The amount of […]

The Technology Strategy Board has announced a new competition to support development and demonstration projects to create supply chain  innovation in UK offshore wind and renewable energy. £7m will be invested in projects  developing and demonstrating component technologies in offshore wind systems, with £3m committed to feasibility studies and the remaining £1.2m supporting innovation between universities and industry in the sector. […]

The Technology Strategy Board offers grant funding for SME R&D projects. There are three areas of assitance available, depending on the stage of the investment: Proof of Market Grant – up to £25,000 at 60% intervention rate Proof of Concept Grant – up to £100,000 at 60% intervention rate Development of Prototype Grant – up to £250,000 with […]

The Patent Box is a boost for businesses investing in R&D and will provide a reduced [10%] corporation tax rate for companies which will be introduced progressively from April 2013. It will apply to companies exploiting patented inventions or certain other innovations and the reduced rate will apply to a proportion of the profits derived from: licensing […]

The Advanced Manufacturing Supply Chain Innovation Fund (AMSCI) has a significant proportion of its £100m budget remaining available for its second round of applications. The Deadline is noon on September 12th 2012 so there is a short window left for applicants. The fund is looking to support innovative consortium bids, endorsed by an OEM, to […]