Myriad Associates technical consultant Lauren Olson looks at the topic of R&D tax credits and what eligibility, application and the benefits look like.
It’s time for chancellor Philip Hammond’s Spring Budget 2017, so we’ve looked at the rumour mill and compiled a list of business announcements likely to crop up.
Business secretary Greg Clark commits £15m worth of government backing to support the innovation of 125 British R&D projects.
According to prime minister Theresa May, her newly announced industrial strategy will back Britain for the long term, “creating the conditions where successful businesses can emerge and grow”.
As we look to future of UK plc, I often wonder where the big British business ideas are going to come from, given we have with gaps in the country’s skills and productivity to fill.
On the eve of chancellor Phillip Hammond’s first budget address to members of parliament, Real Business provides some Autumn Statement predictions.
Fast-forward to 2020 and the UK will likely have left, or be in the process of leaving, the EU. While many companies resume “business as usual”, others will need to adapt and invest in order to remain competitive by the use of R&D tax relief.
Expanding by way of acquisition has long been a popular route for growing a business. However, M&A is not without its risks and, from Time Warner and AOL to eBay and Skype, history shows that maximising the “on paper” upsides when bringing two businesses together is not always straightforward.
Toy designer Gillian Logan pitched her Skinny Sketcher drawing kit idea at the Inventors Workshop in 2014, and has since achieved success with the product. But having made a number of mistakes to get there, she’s outlined 12 errors frequently made by product design startups, and how steer clear of them.
Today’s SMEs are waiting too long to reap the financial rewards of Research & Development (R&D) tax credits, according to Friend Partnership. The chartered accountancy firm believes many bosses could be securing repayments from as early as ten days from the submission of their claim.
R&D tax credits may be dull to some, and a mystery to others, but it's arguably one of the UK’s best-kept secrets when it comes to alternative funding for small businesses.
It is most likely that an in-house team of experts carry out R&D perhaps with assistance from focus groups or market research but most of the time companies look inwards for inspiration. This can be restrictive and often leads to new products being evolutionary rather than revolutionary.