As the world focuses on developing and advancing new software, Cloudsmith is focused on advancing the surrounding field. Managing these software assets is just as important as the software itself. That’s why the engineers at Cloudsmith have been developing the first all-in-one managed service platform. Delivering software worldwide is getting increasingly complex. In response, Cloudsmith [...]
“Made In Wales” has been the key goal for Manufacturing Wales since their beginning. Manufacturing Wales is a platform to connect manufacturers, hoping to help bridge the industry and create solutions when you’re stuck. This consortium is dedicated to helping meet the complex needs of Welsh-based manufacturers and bringing Welsh brands to the forefront. GTS [...]
In data recently released by HMRC, more than 52, 000 small and medium-sized companies claimed R&D tax credits for the 2018-19 tax year. They noted that the total relief claimed was near £6 billion, and half of that came from these smaller businesses. In comparison to prior years, this shows a 19% increase in small [...]
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 [...]
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