Datactics, a Belfast-based fintech company, has recently announced their intentions to invest £2.3 million into their company with support in the amount of £347,601 from Invest Northern Ireland. This investment will be directed towards the creation of 18 jobs, skill development, and primarily R&D activities. Their R&D focuses are on expanding and optimizing their data [...]
A report from the Office for National Statistics has shown the successful increase in R&D within the construction industry. In fact, R&D activity in the industry grew by nearly a third in the last year. Office for National Statistics figures showed £586m was spent by UK construction businesses on innovation in 2020 – up from [...]
Thanks to reports from the Office for National Statistics (ONS), we have seen a massive increase in spending on research and development in the Welsh private sector. In fact, the stats show this sector has grown at nearly double the rate for the UK as a whole. This massive growth rate still has its share [...]
The HMRC has recently released their latest R&D tax credit statistics. These statistics come from the R&D tax credits claimed for the year ending March 2020. The numbers may increase as time goes on as claims can still be submitted through extensions and amendments. Despite the hit to the economy as a result of the [...]
The Autumn Budget and Spending Review 2021 was recently released, providing a look into the budget so far and the expected investments going forward. With regards to investment into the nation’s innovation, the review states: The Autumn budget highlights plans to invest in growth and reawaken innovation by increasing public R&D investment by providing £20 [...]
Scotland has made some big moves in their work towards developing a low carbon network. They have just begun building the country’s first ‘fifth generation’ heating network at their manufacturing innovation district in Renfrewshire. The first pipes of the renewable energy network were lowered into position at the Advanced Manufacturing District Scotland (AMIDS) site. Once [...]
In a new report from the HMRC, it seems Welsh firms are underclaiming R&D tax credits compared to the country’s share of UK companies. Claims for the tax year 19/20 totalled 85,900 while the 2,940 claims from Wales were just 3.4% of the total. Welsh firms make up approximately 5% of the UK total business [...]
Oceanways Technologies, Ltd., whose mission is to decarbonize shipping by pioneering the market of underwater transport. As part of this mission, Oceanways is building the world’s first zero emission autonomous submarine fleet. This design will not only offer green cargo transportation, it will restore the ocean as it goes. Mid September, Oceanways was announced as [...]
Kilwaughter Minerals Ltd. has announced their new growth, increasing their R&D team by 50%. This growth comes after rapidly increasing demand for Kilwaughter products. This growth comes as part of a long term strategic investment in innovation totaling £3.4 million. Kilwaughter is a quarry and mineral processor whose work focuses on specific industries including construction, [...]
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 [...]
Daniel McGregor2022-08-11I have been using Swanson Reed for my clients for more than a decade. Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients. Highly recommended.
Anatole Kononewsky2022-06-02The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
Melissa Doddy2022-05-31The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end. Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
Alana Owers2022-05-30We have been dealing with Damian and Swanson Reed for several years in relation to processing our R&D claims. Always find them easy to deal with and helpful with all concerns and queries we have. We would highly recommend Swanson Reed for your R&D help.
Mexx Engineering2022-05-27We are a client of Swanson Reed since 2010. Damian and his team are very professional and extremely organised. At all times, our R&D applications were handled with care. They have reviewed each application extensively and made sure that we are supported every step of the way. We highly recommended their services.
Sarah Heath2022-05-27Damian and the team at Swanson Reed have been one of the most efficient professional organisations I have dealt with - their response time is commendable. Their specialist knowledge of R&D is extremely extensive but yet practical and importantly, they are approachable and considerate to the client's needs.
David Reisner2022-05-26We engaged with Damian and Angel at Swanson Reed on the recommendation of a related party. For the past four years they have helped my company navigate the process of research and development incentives offered by the Federal Government. This has been the single most important relationship we have had in financially supporting our journey as a start up. I can't recommend this organisation highly enough.
Sarah Hay2022-05-26Damian, Angel and the team have held our hand through the application of numerous R&D claims. They have consistently guided us through the collation of required information, ensuring compliance and simplifying the daunting task. Swanson Reed’s involvement has been vital to our successful applications!
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