Intelligent Growth Solutions 9IGS), a Scottish agritech firm, has announced the introduction of its indoor growing systems to the UAB. UAB has been searching for sustainable growth alternatives that produce high yields and require low qatar input to help sustain their growing populations. IGS and Madar Farms, based in Abu Dhabi will enter into a [...]
What do you get when you mix a real estate investment company, a real estate group and a science-based incubator? The UK’s first nationwide life sciences ecosystem! US-based Harrison Street and UK-based Trinity Investment Management have announced their joint acquisition of BioCity, a science business incubator. This acquisition will bring BioCity into the fold with [...]
With the expansion of the HMRC’s R&D compliance unit, many companies are noticing an increase in correspondence directly from the HMRC. They have a few different types of letters they might send you, from a”nudge” letter to an official notice of a compliance check. Understanding these letters and how to respond to them can be [...]
Love Joes, also known as Chicken Joes, has secured £77,863 in R&D tax relief for their 2019 tax year. This tax relief went towards developing a new cooking and coating factory including how to adhere coatings and filter oil more effectively. Love Joes has been innovating and advancing the food world for the past 27 [...]
Many companies take advantage of the R&D tax credit, developing their innovative capabilities without impacting their bottom line. Industries conducting scientific research, or developing a new product know they qualify with minimal doubt. However, other sectors often count themselves out before trying. Data published from HMRC shows the UK construction industry accounts for just 6% [...]
With the onset of COVID-19, the government put up a number of different support packages in the form of grants. Two of the most popular schemes were the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). Understanding how government grant funding impacts your R&D claim will be crucial to maximizing [...]
What is the Government Offering? Businesses across the UK are set to benefit from a £134 million Government investment, enabling ‘ground-breaking clean growth’ projects develop new technologies and secure new jobs. The projects include an initiative to service offshore wind turbines autonomously, use AI to reduce beer waste in the brewing process and convert seaweed into compostable [...]
Scottish companies are being encouraged to claim R&D tax relief after HMRC data showed that they are only claiming a fraction of the UK equivalent. £230 million has been claimed by Scottish companies for the 2018/29 financial year with an average claim value of £80,341. This amounts to 2,920 claims out of 11,820 claims in [...]
BrandZ’s first ranking of the UK’s top 50 most valuable brands does not include a single pure-play tech business, whereas 47% of the global top 50 are technology businesses. The British ranking is skewed heavily towards telecoms, finance and utilities companies, which comprise well over half (69%) of the top 50. Peter Walshe, BrandZ global strategy director [...]
This week, HMRC released its R&D statistics report, and while the numbers are positive, we still have a ways to go, especially given the massive shift that 2020 has gone through. The report shows continued percentage increases on the number of claims and refund amount. However, the Government's goal is £22 billion of R&D funding [...]
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