R&D Tax Credit

/R&D Tax Credit

Welsh Media Industry to Expand with.£50M in Funding

By |August 16th, 2021|

The UK Government has talked about their Innovation Strategy for the past few months, with many calling into question the specific actions that will be taken. In late July, the Government announced their plans to boost innovation in the Welsh Media Industry. Media.cymru is set to receive £22.2 million in funding to expand the Cardiff [...]

Growing Kent & Medway to Dole out £3M in R&D Funding

By |August 5th, 2021|

Growing Kent & Medway have announced the plans to award R&D grants totalling £3 million. This funding will be dispersed across companies whose projects support inclusive economic growth and environmentally sustainable practices and innovations. Growing Kent & Medway is a world-class research, innovation, and enterprise cluster that supports growth in technology-driven horticulture, fresh produce packaging, [...]

Growers Better Levy for Research and Development

By |August 5th, 2021|

As the Agricultural and Horticultural Development Board (AHDB) begins winding down its activities in the potato and horticultural sectors, there are rising concerns that funding for key high level research will be overlooked. This fear and concern has come as a result of a lacking clarity from the government over the funding of R&D projects. [...]

CatSci’s New Laboratory Opens in Dagenham

By |July 29th, 2021|

CatSci, Ltd, a Welsh innovation partner, has announced the opening of their new UK laboratory in Dagenham. This lab will focus on combining analytical and synthetic chemistry expertise with the latest high-end equipment in an effort to solve unmet needs in the pharmaceutical industry. CatSci is committed to developing economically and environmentally sustainable manufacturing processes [...]

Oxyrane and Bioasis to Collaborate and Combine Proprietary Research

By |July 29th, 2021|

Bioasis Technologies, Inc., a Canadian pre-clinical, research-stage biopharmaceutical company, will collaborate with Manchester’s own Oxyrane UK Ltd. Bioasis is focused on developing a proprietary xB3™ platform technology. Their research aims to develop methods to deliver therapeutics effectively across the blood-brain barrier for treatment of central nervous system (CNS) disorders. Oxyrane’s R&D focus also pertains to [...]

National Robotarium Awarded £586K in Funding for Laser Technology

By |July 29th, 2021|

Researchers at the National Robotarium have been awarded £586,000 in funding from the Engineering and Physical Sciences Research Council (EPSRC) - a division of UK Research and Innovation. The Robatarium is a world-leading centre for Robotics and Artificial Intelligence. Hosted at Edinburgh’s Heriot-Watt University, the Robatarium develops innovative lasers and technology which could transform industries [...]

Queen Mary University and Eco Wave Power Win R&D Grant

By |July 29th, 2021|

Professor Guang Li and Dr. Kamyar Mehran from Queen Mary University in London, along with Eco Wave Power’s engineering team, have been awarded a £20,000 grant from the Wohl Clean Growth Alliance.  The Wohl Clean Growth Alliance is a government-backed initiative supported by both the UK and Israeli government. This initiative is aimed at supporting [...]

Zero Emission Flight Infrastructure Competition to Doll Out £3M in Funding

By |July 29th, 2021|

The Department of Transport (DfT) has announced the launch of a £3 million competition aimed at financing research and development for electric and hydrogen aircrafts. Those selected will be awarded £50,000 each. Applicants can include businesses and universities that carry out relevant projects.  They are looking for projects that fit within the following priority areas: [...]

DeepMind’s AI Unlocks Deep Genetics

By |July 28th, 2021|

Artificial Intelligence has been an absolutely essential tool in the biomedical industry. They have been used to predict the structures of almost every protein made by the human body. This knowledge has then been extrapolated out to development of treatments and pharmaceuticals and furthering our understanding of bodily processes and disease behaviour. Understanding the shapes [...]

Connected Party Subcontractors and the R&D Tax Credit

By |July 28th, 2021|

Contractors are one of the qualifying expenses of R&D tax claims. This allows companies to rely on external experts while increasing the size of their available tax credit. However, there are some caveats and exceptions to the rule. When a subcontractor or an Externally Provided Worker (EPW) is classed as “connected”, the qualifying expenditure is [...]

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