R & D Tax Credits Specialists
What are R & D Tax Credits?
In the year 2000, the UK government introduced a scheme aimed at fostering scientific and technological innovation. This initiative, known as Research and Development (R&D) tax relief, can significantly reduce your company’s tax liability if you’re subject to Corporation Tax (CT). In certain cases, you may even receive a payable tax credit.
Is my business eligible?
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SMEs (Small and Medium-Sized Enterprises): SMEs can claim R&D Tax Credits through the SME scheme.
To qualify: Your business must have fewer than 500 staff. Your turnover should be under €100 million (or €86 million net assets). -
Large Businesses and RDEC:
Large companies, SMEs with a high turnover, or subcontracted SMEs and large companies can claim Research and Development Expenditure Credit (RDEC).tion. On average, grant rates cover 30% to 50% of total project costs, but some grants can provide up to 75%. These funding opportunities range from £1,000 to £1 million.
How much my business can get in grants?
Business grants vary in their rates and maximum values. The amount you receive depends on factors like your project’s nature, available grants, and the strength of your application. On average, grant rates cover 30% to 50% of total project costs, but some grants can provide up to 75%. These funding opportunities range from £1,000 to £1 million.
At Grantwize, we’re all about the big picture.
We’re laser-focused on the future. As grants and R&D tax claims strategists, we’re dedicated to unlocking funding opportunities for businesses of all sizes.
We Deliver Impactfull Results, See Our Case Studies
At Growise, we are grant strategists—dedicated to unlocking funding opportunities for businesses of all sizes. Our specialist team blends expertise, and a profound understanding of grant dynamics to maximize your chances of success.
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Resolve HMRC R&D claim enquiry
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Is my business eligible?
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Advances in the Field: Your project should aim to create an advance in the overall field, not just for your business. Even if the process, product, or service has been developed by another company but is not publicly known or available, it still qualifies as an advance.
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Scientific or Technological Uncertainty: An uncertainty exists when your company or an expert cannot definitively say if something is technologically possible or how it can be done, even after considering all available evidence.
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·Overcoming Uncertainty: You need to demonstrate how you tried to overcome the scientific or technological uncertainty. This involves research, testing, and analysis. Describe both successes and failures during the project.
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·Professional Involvement: Explain why a professional in the field could not easily work out your advance. Show that other attempts to find a solution had failed. If the people working on your project are professionals in that field, their insights can strengthen your case.
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ome grants can provide up to 75%. These funding opp