GTL Americas and Hyundai ENG America Partner for $3.5 Billion Green Fuel Project

Houston-based Axiom Space has partnered with Prada to bring fashion and function to new heights – astronomical heights. The startup has unveiled their brand new spacesuit at the International Astronautical Congress in Milan.

A breakthrough in spinal implant technology could reshape recovery for thousands of patients each year. Curiteva, Inc. has been granted U.S. Patent No. 12,263,278 for “Additively manufactured porous polymer medical implants,” marking a significant advancement in 3D-printed medical devices.

A breakthrough in spinal implant technology could reshape recovery for thousands of patients each year. Curiteva, Inc. has been granted U.S. Patent No. 12,263,278 for “Additively manufactured porous polymer medical implants,” marking a significant advancement in 3D-printed medical devices.

May 2025: 1.18% (B+ grade)

April 2025: 1.22% (A- grade)

Houston-based Axiom Space has partnered with Prada to bring fashion and function to new heights – astronomical heights. The startup has unveiled their brand new spacesuit at the International Astronautical Congress in Milan.

Houston-based Axiom Space has partnered with Prada to bring fashion and function to new heights – astronomical heights. The startup has unveiled their brand new spacesuit at the International Astronautical Congress in Milan.

Houston-based Axiom Space has partnered with Prada to bring fashion and function to new heights – astronomical heights. The startup has unveiled their brand new spacesuit at the International Astronautical Congress in Milan.

Houston-based Axiom Space has partnered with Prada to bring fashion and function to new heights – astronomical heights. The startup has unveiled their brand new spacesuit at the International Astronautical Congress in Milan.

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

A groundbreaking medical device promises to transform emergency hemorrhage management. U.S. Patent No. 12295588, titled ‘Adaptable partial circumferential tourniquet’, introduces a versatile solution for controlling severe bleeding in hard-to-reach areas. Developed by Compression Works LLC, this innovation addresses a critical need in trauma care.

A breakthrough in spinal implant technology could reshape recovery for thousands of patients each year. Curiteva, Inc. has been granted U.S. Patent No. 12,263,278 for “Additively manufactured porous polymer medical implants,” marking a significant advancement in 3D-printed medical devices.

May 2025: 1.36% (B+ grade)

April 2025: 1.53% (A+ grade)

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

GreenLab, Inc. has developed a plant-powered breakthrough to fight pollution. U.S. Patent Application No. 20250161732, titled ‘Compositions and methods for degradation of pollutants by plant-produced manganese peroxidase’, outlines a system that uses corn to produce a powerful cleanup enzyme.

A novel approach to cancer immunotherapy has emerged with the development of Mi-2β inhibitors, designed to counteract tumor resistance to immune checkpoint blockade therapies. This innovation is detailed in U.S. Patent No. 12,268,674, titled “Mi-2β inhibitor as an immunotherapy agent,” assigned to BioVentures, LLC. (patents.justia.com)

May 2025: 1.07% (C+ grade)

May 2025: 1.07% (C+ grade)

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

Anything over C grade is positive sentiment; anything under C is negative outlook/sentiment. Using that sentiment, it is possible to observe trends over time, and also compare states/countries. In doing so, we can predict which states have the best chance to recover economically from the pandemic (or any other economic incident that may occur).

May 2025: 0.81% (D+ grade)

May 2025: 0.81% (D+ grade)

Mocean Energy, a Scottish wave company, has secured €2.5 million in new equity. This funding, along with €572,000 in grant funding, will be directed towards driving the commercialization of its wave energy technologies. The new funds will help the Edinburgh and Aberdeen-based company commercialize and secure first orders for their wave energy technology, Blue Star, […]

Locit Limited has made history in their Deeside-based manufacturing site. The company is the first in the UK – possible in the world – to achieve complete carbon neutrality in their steel locker manufacturing. “We have achieved a UK first- and potentially a world first – for our sector using digital manufacturing techniques which put […]

Unwasted Ltd, creators of Neverwaste™, has selected Deeside as the location for their new global R&D centre. The centre will focus on the development of recycled panel boards. Neverwaste™ is the world’s first high performance panel board made entirely from waste, achieving an economic and scalable platform. The patented material is made from waste cardboard […]

HMRC has recently released some guidelines to help companies understand what is considered R&D for the R&D tax credit. The Guidelines for Compliance (GfC) are designed to assist companies as they determine if their work qualifies as R&D for tax purposes and to avoid common mistakes. HMRC has been cracking down on R&D tax claims, […]

Belfast-based Ocula Technologies LTD has announced a new investment of £11 million in research and development of AI technologies.  The company has made a few announcements recently showcasing their growth and plans for the future, including plans to increase their workforce from 10 to 50 within its Software Development Centre by 2026. In addition, their […]

Daye Limited is setting a new standard in period care and gynae health. This new standard comes in the form of a newly launched product – a tampon that offers screening for sexually transmitted infections (STIs). The “STI Diagnostic Tampon” uses a polymerase chain reaction (PCR) to test for five STIs – chlamydia, gonorrhoea, trichomonas, […]

Scottish Enterprise and Innovate UK are collaborating to deliver a new Launchpad programme. The programme will support businesses in Scotland, specifically in the bio-based manufacturing industry. These businesses have been invited to apply for support packages which may range between £25,000 to £100,000 and £150,000 to £1 million. These are available to small and medium-sized […]

London-based InterLnkd Ltd. has secured £1 million in a seed funding round led by Vanneck Ltd. The round also saw participation from other angel investors. The company is providing technology enabling travel suppliers to earn revenue by selling fashion, beauty, and other items to travellers using an “intelligent matching engine” which matches products with a […]

The HMRC has previously announced their plans to revamp their existing research and development initiatives by merging the two core schemes. Draft legislation published back in July is bringing the proposed merged scheme ever closer, proposing an implementation date as early as April 1, 2024. The relief currently operates through an SME scheme for small […]

Small businesses across large areas of Wales are being offered support with tech research and development from experts at the University of South Wales (USW). CEMET – the Centre of Excellence in Mobile and Emerging Technologies, which is based at USW – has been successful in securing funding to run a project which will support […]

Beta Bugs Ltd., a Scottish biotech company, has secured £1.72 million in funding. The round was led by The TRICAPITAL Syndicate LLP, with participation from SIS Ventures, Scottish Enterprise, Beeches Group, Climate.vc, together with existing shareholders in the business and InnovateUK.  Beta Bugs intends to direct the funding to scale up their production and supply […]

Cirdan Ltd., a global leader in digital pathology, has raised £2.3M in a round led by Kernel Capital. While the company is based in Lisburn, the company’s platform is used in over 150 laboratories and hospitals across 20 countries and offers a variety of digital support services for pathology. Cirdan is focused on directing their […]

Kvantify ApS, a Danish quantum startup, has announced their expansion into the UK with a new office in London. The move comes as part of Kvantify’s broader strategy to solidify its position in the European market and bolster its international presence. The expansion comes with the appointment of four new employees to their drug discovery […]

Ofgem, the non-ministerial government department also known as the Office of Gas and Electricity Markets, has announced a new scheme which will support three National Grid-led projects focused on developing electricity transmission and distribution network innovations with £1.3 million in funding. Ofgem’s Strategic Innovation Fund (SIF) programme is designed to drive the innovation needed to […]

Technology Secretary Michelle Donelan has announced new measures to support the research sector and wider public. These measures include a new £60 million Regional Innovation Fund (RIF) that will boost support for universities in areas with lower levels of research and development investment. The Secretary of State unveiled the scheme alongside the launch of an […]

The UK and Singapore are forging a strategic partnership to support innovation and R&D for both nations. The partnership was announced in early September when UK Prime Minister Rishi Sunak and Singaporean Prime Minister Lee Hsien Loong signed the UK-Singapore Strategic Partnership during the G20 Summit in India. The agreement charts a course for the […]

Protein Industries Canada and Innovate UK are working together to support innovation in the food industry. The organisations are offering $20 million CDN for collaborative research and development projects aimed at diversifying the protein world with plant-based alternatives. There is a growing demand for plant-based food as the global food industry struggles to meet a […]

Enzai Technologies Ltd, a Belfast-based startup, has secured $4 million in a seed funding round led by Berlin-based Cavalry Ventures. Enzai will use the funding to double-down on their market leading AI governance solution, which helps organisations understand and manage the risks that come with AI while meeting their regulatory obligations. Enzai was founded to […]

Krucial, a Scottish startup leveraging space technology, has successfully secured $3.7 million in its latest funding round. The funding round was led by existing investor Scottish National Investment Bank, alongside University of Strathclyde and Scottish Enterprise, with new international investors including Dubai-based AzurX and brings their total funding to $7.5 million. The company intends to […]

Open Cosmos Ltd., an England-based satellite startup, has raised $50 million in Series B funding from three leading impact investors, ETF Partners, Trill Impact and A&G.  Satellites have proved beyond useful to our everyday lives. Open Cosmos is working to build sustainable, low-earth orbit satellites and their associated end-to-end data management systems. The latest funding […]

The UK Government has announced £218 million in funding to help develop cutting-edge green aviation technology. This announcement, which came out during the 2023 Paris Air Show, will aim to grow the UK’s share of the global aerospace market. The £218M will come as combined government and industry funding will be delivered through the Aerospace […]

Canada and the UK have unveiled agreements to support innovation in biomanufacturing, quantum, climate change, and alternative protein research. This support will come in the form of funding packages and collaboration. This effort will deepen collaboration on science and innovation between the two countries. This agreement includes a £20 million joint biomanufacturing programme to be […]

Aberystwyth University’s Institute of Biological, Environmental and Rural Sciences (IBERS) has received a funding boost of £9.8 million for its work on resilient crops. The Institute is an internationally recognised research and teaching centre focused on building a research base in response to global challenges such as food security, bioenergy and sustainability, and the impacts […]

Northern Ireland’s Department of Agriculture, Environment and Rural Affairs (DAERA) has awarded a total of £600,000 to six companies to develop practical and environmentally friendly solutions for livestock slurry. The initiative, called the Green Growth Fund, is being provided by DAERA and the Department for the Economy’s Small Business Research Initiative (SBRI). The funding initiative […]

A new hub for biosciences is launching in Aberdeen. The £40 million life science research and commercialisation facility is being called the ONE BioHub and is set to support scientists and innovators as they work to turn research into businesses. The hub will also offer support on their entrepreneurial journey. ONE BioHub intends to provide […]

In recent years, the UK government has worked towards supporting innovation through investing in R&D. In line with this mission, the UK’s Space Agency is making available £50 million into space-related R&D in The Space Clusters Infrastructure Fund. The fund is aimed at supporting the development of pioneering space products to help maintain the UK’s […]

Belfast’s digital identity and background check provider SureCert is a clear example of the speed at which a startup can build their own name. The company has won a contract to support the foundation of a national digital ID system from the government of Thailand. This win comes, no doubt, as a result of SureCert’s […]

The UK Government has released a detailed report on R&D spending across the country, shining light on a clear divide in public funding.  Previously, the UK Office for National Statistics (ONS) would run an R&D survey, asking each government department what R&D is conducted and where in government it is performed. This method left a […]

ILC Therapeutics, a biotech company, is working towards a Series A funding round and an IPO, following successful in vivo testing of their primary drug candidate. The company has previously raised £3.5 million and £2 million in two separate rounds in 2021 and 2022 respectively. Interferons are unique molecules which interfere with viral replication, protecting […]

The Welsh Government has signed a new partnership agreement with Innovate UK, further supporting innovation and R&D in the country in a bid to help grow the Welsh economy. A Memorandum of Understanding was signed between the Welsh Minister for the Economy and the CEO of Innovate UK, representing the first MoU agreed with a […]

London-based Polymateria has secured £20M in Series B funding to commercialise their self-destructing plastic technology and expand into new markets. Founded in 2015, the start-up company has spent the past 8 years developing a novel plastic technology that breaks down in one year, without leaving any microplastic or toxic residue. This is a significant difference […]

In line with recent changes to the UK’s Research and Development tax incentives to be effective from 1 April 2023, the company has released guidance about the supplemental information required. What is the Additional Information The form requires the following information FAQ What is Included in Qualifying Expenditure Details? Include details of the qualifying expenditure. […]

The Government published draft legislation in July 2022 covering significant reform to the UK’s Research and Development tax incentives to be effective from 1 April 2023. With this date imminent, let’s discuss what these changes mean. The Government stressed the objectives of the legislative changes are to produce a modernised and cost effective scheme with […]

Altruistiq, a software as a service (SaaS) startup using data to improve carbon reporting, has raised £15 million in one of Britain’s largest tech seed funding rounds. The company’s mission is to create the means for nearly any company to achieve and improve their sustainability. Their solution? Data-driven carbon-analytics to drive decision making and identify […]

Deregallera, a Welsh company founded in 2009, has caught the attention of Ford, securing £1.8 million in support for their electric vehicle project. The Caerphilly-based R&D firm will lead a project that will utilize the talent at Meritor – a commercial brake manufacturer, and Cardiff University. The project will focus on the design, development and […]

CropBiome has received €1.3 million in funding in a round led by HBAN (Halo Business Angel Network), and a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland.  CropBiome is an agritech startup focused on building sustainability into a more secure food model. This mission comes in response to the growing concern of climate […]

London-based MultiOmic Health Ltd. has partnered with Singapore’s Mesh Bio Pte. Ltd. to conduct an observational clinical study on patients with chronic metabolic disease and increased risk of complications such as chronic kidney disease. This partnership will provide access to data from patient populations in Asia which are historically underrepresented in chronic metabolic disease studies. […]

Glasgow-based Kingdom Technologies has secured £2 million in funding from Scottish Enterprise and other UK and European investors. The product? Commercial robotic lawn mowers.  The company was founded in 2018 and has grown rapidly since, bringing in multiple startup competition awards across Scotland and raising over £800,000 in funding from private investors and public funds.  […]

Sonio, a Paris-based startup focused on improving prenatal care with artificial intelligence, has secured €5 million in new funding. This funding round was led by Elaia, OneRagtime, and Bpifrance.  The startup’s pioneering technology aims to guide practitioners during ultrasounds to optimize their treatment and diagnosis. They leverage 5 years of R&D and clinical development expertise […]

SiFive, Inc., a fabless semiconductor company, has announced the opening of its new UK Research & Development (R&D) Center headquartered in Cambridge, United Kingdom. Along with this new facility, the company is committed to hiring more than 100 new employees across a range of roles.  SiFive is the first company to produce a chip that […]

Nearly half a million UK businesses will benefit from a tax cut worth up to £1,000 starting from the 6 April 2022. Tax cut worth up to £1,000 for eligible businesses announced by the Chancellor at the Spring State. Increase in Employment Allowance from £4,000 to £5,000 benefits around 495,000 businesses which is 30% of […]

There are over 6 million small and medium businesses in the UK. So it’s no surprise that small businesses submitted the majority of R&D tax claims last year.  Additionally, this year the number of claims has increased once again  What is considered a small business? Less annual revenue- small businesses often have small scale operations. […]

HMRC’s Birmingham regional centre and UK Government hub has been formally opened by Jim Harra, HMRC’s first permanent secretary and chief executive Following the opening of the regional centre, HMRC will maintain a presence at its West Midlands office at Telford Plaza, which is home to close to 750 employees   The new Regional Centre: […]

In response to the use of facial recognition technology by two retail giants, Australia’s privacy watchdog has launched an investigation. A number of Bunnings hardware stores and Kmart department stores collect customers’ fingerprints. Despite consumer groups calling the technology unethical, invasive, and misused, Choice says it is being used without proper consent or rationale. Both […]

Meta and the Information Commissioner’s Office (ICO) are holding a meeting  to discuss how Oculus’ VR business complies with the regulator’s child-friendly guidelines. Its purpose is to ensure that children can access online services that are appropriate for their needs.An under-18s sexting app was found to be harassing recently by a campaign group. According to […]

The Review The London Stock Exchange has agreed to review declining growth and investments into UK fintech startups. Announced as part of Fintech Week London, the review will bring together key industry partners, regulators, investors, and industry companies to better understand the trajectory of the industry and ensure it thrives. Fintech has been one of the […]

read time: 3 minutes A fifth (20%) of small businesses in the UK are in serious risk of closure due to the rising cost of living. The biggest areas of concern are the West Midlands and the North East, according research from Tide .Which found that companies are increasingly struggling to handle the ever-rising costs […]

Who is Netomnia? Netomnia is an internet and networking hardware. This Tech startup has affixed an amazing £123m in investments so far only on one round of funding. The company was founded in 2019 and provides fibre broadband to businesses and homes all over the UK. What most people don’t realise is that much of […]

Government website: If you have a small business and need support and advice you can access this help via the following link on the GOV.UK website. Finance and support for your business – GOV.UK (www.gov.uk) In England the government has a free business support helpline you can contact them by telephone Monday-Friday, 9am-6pm. Telephone: 0800 […]

Africa is working hard to stay on the cutting edge of artificial intelligence (AI). The AI industry is dominated by North America, Europe, and Asia. A number of complex problems can be solved by AI, which is being trained among computer scientists from African countries. In April, Google opened its first African AI research centre […]

read-time: 3 minutes   If your business imports or exports goods from the UK, you’ll need an EORI number. Since the UK left the European Union, the type of EORI number you need may have changed. Read on to find out the EORI number meaning, if your business needs one, and how to apply. What is […]

Read time: 3 minutes A third of  businesses are prioritising  looking into investing in automation. This is due to staff shortages continuing to slow business activity, according to a survey done by HSBC.  The survey found that 40% of UK companies currently had negative feelings about the level of recruitment and staff. James Cundy HSBC […]

This month, Equiano, Google’s subsea internet cable in Africa, will make its first landing in Togo. This was announced by Google on Friday (18 March 2022).  Originally announced in 2019, Equiano is Google’s 14th subsea cable investment, but the first devoted to internet access in Africa. The vehicle will travel from Portugal to South Africa […]

A 5G mobile phone mast is being planned in an area that enrages residents, who say it will be an “ugly sight.”. H3G (UK) Ltd – or Three – has submitted a planning application to Havant Borough Council in Hampshire for a 15m mast. Only three of the 122 public comments supported the Purbrook monopole […]

What is R&D and SME: These are just abbreviations for words you are probably familiar with: R&D stands for Research and Development SME stands for Small to Medium sized Enterprise SME Business’s: R&D tax relief allows SME companies to: Deduct an extra 130% of qualifying costs from yearly profit as well as the normal 100% […]

Apple is a well-known trillion-dollar company which dominates the tech industry. They have evolved so much in the last decade and have put out some of the most advanced technologies and software’s for the public. Latest Tech Trends: The latest iPhone is the iPhone 13 it comes with an upgraded camera, more internal memory and […]

In an effort to mitigate abuse of tax credits, HMRC suspends certain research and development claims while it investigates irregularities. Until it is able to investigate some claims that are irregular, HMRC has frozen the payment of some research and development (R&D) tax credits. The majority of R&D tax credit claims will not be affected, […]

Read time: 4 minutes London Tech week showcased the future of UK Tech industry Two weeks ago .  Firstly, the week commenced with the Global Leader’s Innovation Summit, which brought together policymakers, sector leaders, entrepreneurs and investors. They discussed the challenges facing tech and what the sector can do to tackle them together. Chancellor Rishi […]

Several VPN providers, including SurfShark, NordVPN, and ExpressVPN, have removed their servers in India due to threats to user privacy. In India, the Computer Emergency Response Team (CERT-In) has given cloud service providers and virtual private network providers a three-month extension to comply with its newly drafted VPN guidelines.  VPN privacy information owned: CERT-In had […]

Trowbridge-based Apetitio owns several hospitals as well as Wiltshire Farm Foods, which supplies food to thousands in the West. What has happened? The company said its computer systems have been affected, causing delivery problems at both firms, but that no credit card information has been stolen. The company offered apologies to customers and advised them […]

 Read-time: 2 minutes UK Prime Minister Boris Johnson has unveiled a package to support Ukraine’s science, tech  and research sectors during their war. The support package includes an additional £9.8m for the Researchers at Risk scheme. Which, launched in March to help more than 130 Ukrainian scientists, researchers and tech entrepreneurs to resume work in […]

Readtime: 3 minutes Approximately 1.5 million UK SMEs (small and medium enterprises) owners anticipate a loss of business this year. This is  due to the rising cost of living and inflation. SMEs Surveys Surveys have found 42% of SMEs and micro businesses view rising inflation as the biggest threat.  Additionally, rising energy prices was the […]

Readtime: 2 minutes   About the fund  HSBC  launched a £250m fund to invest in “high growth, loss-making” tech scaleups in the UK. The HSBC Growth Lending fund provides bank loans to scaleups that have already exchanged equity within the  company for funding from venture capital firms and angel investors. The fund will provide access […]

Read time: 4 minutes Rising Inflation rates are all we can hear in our headlines, but how does this affect your small business?  Inflation measures how much prices for goods and services rise over time.  Inflation rates  in the UK are setting new record highs, currently at 9.1 as of May 2022, The ONS (Office […]

Mombasa is ready to welcome the new submarine cable which will connect continents… A new submarine cable has successfully been landed in Mombasa by Telkom Kenya and PEACE Cable. PEACE Cable will improve connectivity between Africa, Europe, and Asia. With the rapid growth in Internet services, such as cloud computing, streaming, gaming, and connected devices, […]

In partnership with Meiji University, Kirin Holdings has developed a wearable device that is connected to a chopstick… Researchers and the food and beverage company have created food tools that simulate salty foods using an electric current.  Taste-Adjusting Chopsticks is the name of this product. Benefits and components of Taste-Adjusting Chopsticks: Electric stimulation is provided […]

The ICAEW’s Tax Faculty summaries the annual report and highlights the differences HMRC complaints decreased by 19% (1,029) COVID-19 support is less of a problem, but the number of complaints is higher than before COVID. The complaints that have been resolved represent 32% of the total, and those that have been partially resolved could still […]

Readtime: 2 minutes Thales new MV32 Modem Thales presents the new Centurion MV32 Modem, which is easy to set up and maintain and improves 5G connectivity. This is the infrastructure for enterprises, remote patient care, and intelligent monitoring of renewable energy generation. Thales (Euro Paris next HO) is a global leader in advanced technology that […]

Read time: 4 minutes Technology is constantly advancing, in the last 10 years even more so than ever. Artificial intelligence (AI) and Machine learning (ML) are technology trends you need to keep your eye on and will transform the economy by 2025!  What is AI and ML technology ?  There are two main types of […]

Read time: 2 minutes HSBC is investing £500m in the UK tech sector through its 2022 £15bn lending fund for small and medium-sized businesses (SMEs). Fund will also be allocated through: £500m for franchise businesses,  £1.2bn in agriculture A whopping £2bn for internationally trading businesses. The £15bn fund  adds to the $1bn lending fund and […]

Edinburgh-based startup, Stamp Free Ltd has raised £600,000 as part of an oversubscribed funding round. The company has only increased in valuation since September 2021. With a pre-investment valuation of £4 million, the company doubled its £2m pre-investment valuation from its Seed One funding round. The company has focused their efforts on developing a digital […]

NatureMetrics, a DNA-based biodiversity monitoring company, has announced a raise of more than €14 million in fresh funding. The funding round was led by urban sustainability-focused venture capital fund 2150 and saw participation from Ananda Impact Ventures, SWEN Capital Partners’ Blue Ocean and BNP Paribas Solar Impulse Venture Fund, and follow-on from Systemiq Capital. Governments […]

WANdisco, Inc. has announced their plans to create 33 jobs at their Belfast software development centre. In addition to these 33 roles, another 11 positions will be opened up to support their research and development efforts, doubling their Northern Ireland R&D staff over the next three years. “With this new £7 million investment, we plan […]

The Welsh Government has launched a fully funded research and development scheme to support the creation of blockchain technology. The scheme, aptly titled “Demonstrating the Potential of Blockchain”, will be run by Blockchain Connected – part of Technology Connected, the network for the technology industry in Wales. The plan was first launched in January and […]

Read time: 2 minutes About crane London-based Venture capital  firm Crane Venture Partners launched a £112m fund backing early-stage deep tech startups. Particularly startups operating in areas including open-source, artificial intelligence, data, and developer tools industries. Crane has already launched an early stage tech fund of £71.8m in 2019 making this fund their second. .Crane […]

Read time: 2 minutes Qatar’s  investment plans:  Qatar promised to invest £10bn into the UK’s technology, clean energy, healthcare and  infrastructure sectors.  Similarly, last year the UK signed a deal with the Abu Dhabi sovereign wealth fund to invest £10bn.  All this investment is due to the  Gulf states having revenues shoot up as energy […]

Read time: 3 minutes Rishi Sunak’s 2022 spring statement promised to reform the UK’s R&D tax credits to be more generous to businesses. Which sounds like great news for small and medium sized enterprises (SMEs).  But how does the government  plan on doing this and how will it benefit your business ? Changes in R&D tax […]

The Sustainable Aquaculture Innovation Centre (SAIC) has called for proposals for projects focused on improving Scotland’s aquaculture sector.  The SAIC aims to transform Scottish aquaculture by unlocking sustainable growth through innovation excellence. SAIC will provide as much as 50% of the overall project costs. With this in mind, they are searching for projects which will […]

Citizen science projects are being funded in the UK, with 6 projects set to tackle issues on food safety.  The Food Safety Agency (FSA) and UK Research and innovation (UKRI) have awarded £200,000 to each of the projects which should last between six and nine months. This research will incorporate citizen science, where the public […]

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 […]

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, […]

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. […]

Northern Ireland has been committed to enhancing their own innovation, with plenty of investment into R&D. Recently, the Smart Nano NI consortium has been granted £42.4 million in funding in an effort to meet their innovation goals. Smart Nano NI is a Northern Ireland consortium collaborating to develop game-changing advanced prototyping and smart manufacturing methods […]

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 […]

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 […]

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 […]

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 […]

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: […]

Gael Force Group has unveiled their plans for a multi-million pound investment in their research and development. Gael Force Group is a leading supply partner and manufacturer of equipment, technology, and services for the farming and catching of healthy, nutritious seafood.  This planned funding will go towards several initiatives in their pipeline, aimed at developing […]

ZeroAvia, an aviation engineering company, is set on creating zero emission air travel at scale. Their plans begin with 500-mile short-haul trips which will be half that of today’s cost. They have recently announced the next phase of their 19-seat program as well as plans for their 50+ seat engine. Their 19-seat flight aims to […]

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 […]

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 […]

The UK Government has committed to finding ways to achieve a green and prosperous future. The Department for Business, Energy and Industrial Strategy (BEIS) has a critical part to play in this endeavour. They spent the past year tackling huge challenges brought on by the coronavirus pandemic in addition to working on a comprehensive trade […]

The UK government is committed to expanding innovation through all industries. Recently, UK Treasury Secretary  Rishi Sunak has announced plans for  £ 375 million in funding for tech startups. This funding will come through as the Future Fund: Breakthrough scheme. The Future Fund:Breakthrough scheme encourages private investors to co-invest with the government in high-growth, innovative […]

Pyreos Ltd, a manufacturer of mini, rugged, pyroelectric, mid-infrared sensors and detectors, made claims for tax relief for the 2010 and 2012 tax years. With the claim being made under section 1119, CTA 2009, they relied on Pyreos being an autonomous SME.  Because of this, the Commission Recommendation (EC) sought to look at the composition […]

University of Bath’s Centre for Sustainable and Circular Technologies (CSCT) has created a new collaboration between academia and industry. The goal is to create sustainable chemical technologies to accelerate the UK into a net-zero carbon emission status. iCAST -the Innovation Centre for Applied Sustainable Technologies – will aim to facilitate this transition. They’ve pulled experts […]

Hadee Engineering Co Ltd v Revenue & Customs [2020] UKFTT 497 (TC) Background Hadee Engineering Co filed for R&D tax credits for the 2009 and 2010 tax years. These claims were denied by the HMRC. Naturally, Hadee Engineering appealed this decision. The claims were made under the SME scheme, claiming enhanced expenditure of 75%. The […]

UK Research & Innovation (UKRI) has announced funding for their Transforming Foundation Industries (TFI) challenge. They have announced an £8 million funding pot for waste and recycling projects and an additional £7 million for plastics innovations. Some of the winning projects include: Development of a composite feedstock for electric arc furnaces Recovering cotton fibre from […]

The National Research Council of Canada (NRC) and UK Research and Innovation have announced 7 Canadian firms who will pursue collaborative projects with UK partners through the Canada-UK Industrial research and development call for proposal.  With the help of advisory services and up to £1.7 million in funding, the collaboration efforts will focus on increasing […]

A recent report has come out questioning the UKs R&D tax credit scheme. Their premise states that the 20-year-old policy which delivers a £7.3bn research and development tax credit system is failing to deliver significant additional spending by businesses. The R&D tax credits scheme was introduced in 2000, offering government funding to support R&D in […]

PAC Group have shown impressive innovation and advancement of their company. The hard work pays off as they receive the Queen’s Award for Enterprise: Innovation and the Platinum Level Inventor accolade back to back. The Queen’s Award for Enterprise Innovation is a high honour, going to a company who has experienced commercial success as a […]

The HMRC releases annual R&D tax credit statistics, making it possible to analyze the progress of R&D throughout the years. It’s time to take a look at the 2020 report. This report shows stats and analysis based on the first portion of the 2020 year.  Their summary findings showed that as of June 30, 2020: […]

The UK space sector is in a good place to expand as we recover from the COVID-19 pandemic. Know.space’s recent Size and Health of the UK Space Industry report commissioned by the UK Space Agency shows growth in both jobs and income as well as an increase in R&D investment. The report, which looks at […]

Seamus McCaffrey, a top agricultural accountant in Northern Ireland is set on raising awareness, urging farmers to apply for the R&D tax credit. He is trying to encourage farmers whose businesses are registered as a company to take advantage of the up to 230% tax credit on money invested in R&D. Many businesses view R&D […]

COVID-19 has high-lighted the importance of speed and access in vaccine research. With this awakening, the UK will host a summit with the Coalition for Epidemic Preparedness Innovations (CEPI) to raise funds for vaccine research and development. The intent is to speed up vaccine development further and prevent future pandemics.  CEPI is hoping to be […]

In an exciting move by Government Agri-Tech Innovation Centre, CABI, and Fera, researchers who investigate crop production have a new tool to support their work. The National Reference Collection has just been released, offering a place for storage of and access to valuable live isolates of both fungi and bacteria. The Collection uses state-of-the-art cryopreservation […]

The UK tech sector saw a record investment in the first quarter of the year. A record 465 deals have a combined worth of £4.45 billion. Patsnap scored the second highest deal for female-founded companies, securing £215 million.  Patsnap, a leader in Innovation intelligence, intends to use this funding to continue R&D and accelerate product […]

The UK has a great record of R&D, contributing 25% of the top prescription medicines, and home to many recognized experts in AI and machine learning technology. However, as a whole, the UK invests just 1.7% of GDP on R&D. Leading nations such as South Korea are investing 4.3% and the OECD average is just […]

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 […]

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 […]

Tests for Covid-19 that show on-the-spot results in 15 to 30 minutes are about to be rolled out across the world, potentially saving many thousands of lives and slowing the pandemic in both poor and rich countries. In a triumph for a global initiative to get vital drugs and vaccines to fight the virus, 120 […]

BACKGROUND AHK Recruitment Limited (“AHK”) v. HMRC (2019) AHK is a UK based company that provides human resources (HR) services and develops HR systems. In 2014 and 2015, the company aimed to research employee attributes (e.g. values, motivation and intellect) and develop technology to assess these in a statistical, methodical way. This work sought to: […]

The common way in which innovation is tracked, is to look at the number of patent requests originating in any one city or region. By registering a patent, you are essentially registering an idea that was unique to you and receiving acknowledgement from the government that no one can steal your work. 1. Cambridge Recently […]

Harbourside Products in Maryport has recently received £165,000 in R&D tax relief. The company spent over £200,000 to invent a new way of slicing smoked salmon that reduces wastage. This has allowed the company to create new recipes for their pâtés, terrines of chicken, duck, game, ham hock and rabbit.  Owner Richard Hodgson stated, “We […]

A new study conducted by the European Patent Office reveals that the United Kingdom is leading Europe in 3D printing. The United Kingdom accounts for 5 per cent of 3D printing patent applications at the European Patent Office, putting it in second place behind Germany. There has been a rapid increase in European 3D printing […]

According to an article by Global Ag Media, many farmers in the UK are not taking advantage of the R&D tax credit for their innovative work. The agriculture sector makes up less than 0.5% of all UK R&D claims. However, those who do make a claim receive an average refund of £52,000. Agricultural companies developing […]

The latest HMRC figures show that Cardiff has the highest percentage of innovative activity in Wales, with 315 successful R&D tax relief claims made for the 2017-18 financial year. This amounts to 2.4% of all businesses in the area, with finance and software companies being among the top sectors investing in R&D. In Wales, figures […]

UK Research and Innovation (UKRI) is an organisation working in partnership with universities, research organisations, businesses, charities and government to foster and develop research and development. Innovate UK, the innovation arm of UKRI has announced their plans to invest £20 million in coronavirus R&D “resilience” projects. Innovate UK is calling for businesses in the UK […]

If you are a small or medium-sized enterprise (SME), you may be eligible to claim R&D tax relief, if your project meets the definition of R&D. This will allow your company to: deduct an extra 130% of the qualifying cost from your yearly profit, as well as the normal 100% deduction, coming to a total […]

A statement released by the BioIndustry Association (BIA) highlights the potential harm the proposed changes to the R&D tax credit schemes could have on small and medium-sized enterprises (SME). The government is proposing to introduce a cap on the value of cash payments that loss-making SMEs can receive through R&D tax credits. This would be […]

Three global investors, WAVE Equity Partners, Chevron Technology Ventures and Marubeni Corporations, have invested £12.3 million in UK carbon dioxide separation technology innovator, Carbon Clean Solutions Limited (CCSL). CCSL, a UK-based start-up founded in 2009, is pioneering the way of developing affordable carbon capture technology for utilisation and storage, as used by steel, cement, refining […]

Corporate Tax relief may be available for your small or medium-sized enterprise (SME) for costs incurred on research and development (R&D). R&D relief allows SMEs that carry out qualifying R&D related to their trade to claim an extra Corporate Tax deduction for certain qualifying expenditure. You can make a claim for R&D relief up to […]

From 1 April 2019, R&D tax credit claims must be accompanied by a CT600 and full computation. A claim for R&D Relief up to 2 years after the end of the accounting period it relates to can be claimed by entering your organisation’s enhanced expenditure into the full CT600 form. HMRC has implemented this change to […]

Any company engaging in R&D activities and claiming tax relief will have claimed in one, if not many, eligible cost categories. Naturally, each category has a set of requirements and it’s important to know what these are. For a number of categories ‘incurred costs’ and ‘paid costs’ are not the same things. In simple terms, some […]

The Engineering and Physical Science Research Council centre for doctoral training is collaborating with the world-leading SFI research centres and UK higher education institutions as part of a €38.6 million research and development project. CÚRAM is the Science Foundation Ireland Centre for Research in Medical Devices and it has now received a substantial amount of […]

Innovate U.K boosts research and development funding towards artificial intelligence for drug discovery. The funding is established by the British Government to strengthen U.K. technologies. The funding will be distributed to a software company, an artificial intelligence firm and a healthcare organisation. The $1.3 million research funding scheme is designed to tap into the power of artificial […]

Research and development (R&D) in Europe accounts for 20% of the world’s investment in R&D and a significant contributor is based on the world class science the UK delivers. Considering the UK holds only 1% of the world’s population and 3% of the global spend on research funding, the nation impressively accounts for 12% of all research […]

Despite Switzerland being known as one of the most innovative nations, latest reports have shown a 10% decline in the country’s research and development spending. This comes as a surprise due to the fact that worldwide R&D expenditure has reached an all-time high of $782 billion. The biggest Swiss companies invested $27.5 billion into R&D […]

Research & Development Companies: Our Guide R&D companies around the world drive innovation in many ways and ultimately provide a wide range of solutions for a number of different issues in many different niches. We at Swanson Reed want to support research and development companies through R&D tax credit advising and have you experience your […]

Higher Education – Research & Development: A Perfect Match When higher education becomes involved in research and development activities, there tends to be a force within which arises to the occasion. What we mean by this is there’s a certain positive element which presents itself during a relationship between two variables such as higher education […]

Why Research & Development is Important Research and development is at the heart of all things innovation, progression, and achievement. Without research and development activities, we would not have the amazing technology, services, and lifestyle we have today. Read on to learn more about the great importance of research and development and also discover how […]

How Your Research & Development Department Will Benefit from the R&D Tax Credit When combining R&D tax credits and R&D departments together, there will be a discovery which is monumental to the success of the entity or organization which is housing said R&D department. This discovery will entail being able to have the proper funding […]

R&D Costs: Swanson Reed’s Perspective Research and development costs can prove to add up quite quickly and generate a sometimes enormous amount of stress on overall processes and procedures. We at Swanson Reed are here to help reduce that stress and have you and your company or organization back on track to seeing the true […]

Research & Development Tax Relief: Our Guide Research and development tax relief is a fantastic way to offset tax liability for your company or organization. Our team of experts are here to guide you every step of the way of the sometimes tedious process where many intricacies are involved. We want to see you benefit […]

R&D in Business: A True Benefactor Research and development in business is at the heart of all further innovation and discoveries made in many businesses and organizations. The tax advising team at Swanson Reed understands this concept and we want to assist you and your company in expanding upon the existing R&D efforts by utilizing […]

R&D with Tax Credits: The Heart of Growth As your company or organization begins to grow, you’ll want to ensure you’re doing everything you can to ensure the growth maintains and exponentially rises over time. The process of utilizing research and development tax credits can potentially help you expand upon your existing efforts and drive […]

Research Jobs in Edinburgh: Our Guide Research jobs are a quintessential component of progress in society as a whole. There are so many benefits from choosing to engage in a variety of research and development activities where solutions are sought after and eventually discovered. These research activities will often prove to be very much worthwhile […]

Liverpool Economy: How R&D Tax Credits Can Help R&D tax credits are here to help your Liverpool based company evolve into an even better version of its previous self. With the help of Swanson Reed’s excellent team of highly-qualified tax advisors, you’ll find the benefits of research and development tax credits to be some of […]

Edinburgh, Scotland Tax Credits Tax credits in Edinburgh, Scotland are something which are often underutilized mainly due to the fact the tax credit process can be intimidating and complicated for those not well-versed in the implementation. With the help of Swanson Reed and our excellent tax credit advisors, you’ll be able to have one of […]

Belfast Economy: R&D Tax Credits The Belfast economy has recently experienced an influx of investment and economic progression thanks to the R&D tax credit programmes initiated by tax authorities. As more and more companies decide to establish offices, headquarters, and everything in between here in Belfast; the competition will most certainly become much more intense. […]

R&D in Edinburgh, Scotland Research and development in Edinburgh, Scotland is reaching new heights and has found a popularity amongst both traditional research organizations and growing, thriving corporations who are looking to benefit from a variety of research and development tax credits. Read on to discover how with the help of Swanson Reed, we can […]

Edinburgh, Scotland Economy The economy in Edinburgh is thriving more than ever it seems and a lot of the progress achieved has to do with the passionate companies and organizations striving to do better, each and every day. Thanks to their efforts and the research and development tax credit, the progress will certainly continue to […]

The Cardiff Economy, Today Cardiff’s economy today is much different than what it was around one-hundred years ago. The technology influx and the wide variety of industries have replaced the preexisting economic factors to a certain degree and have yielded significantly more substantial results for the growth of the underlying economic conditions. Read on to […]

HMRC & Tax Credit Office in Edinburgh The HM Revenue & Customs is the overseer of many of the tax credit components throughout Edinburgh, Scotland. Through this tax office and others throughout the country, you’re able to effectively seek information for a wide range of inquiries. Read on to discover how with the help of […]

How Cardiff Will Benefit from Tax Credits Cardiff is a city which has recently been experiencing a large influx of economic growth due to investors seeking new ways to generate further ROI, the local talent pool seeking high-quality pay for their high-quality education, and a number of people seeking to build Cardiff into a city […]

Tax Credit Office Liverpool The tax credit office in Liverpool is operated by the HMRC and caters to individuals who have personal tax credit questions and business tax credit questions. We at Swanson Reed help you locate any and all tax credits which may be applied to your business’ tax liabilities. Often times, there are […]

Belfast Tax Credit Office The Belfast Tax Credit office is there to help you with tax matters pertaining to individual requests for both you and your business. The Belfast Tax Credit Office is operated by the HMRC and they have a number of dedicated, online resources to assist you with matters pertaining to tax credit […]

Cardiff University R&D: Our Guide to Tax Credits When you’re involved with such an established and highly esteemed university such as Cardiff University, you’ll come to find the research and development activities being performed by the institution are some of the best in the world. Yet, there can always be improvements, no matter how excellent […]

R&D Jobs in Cardiff Cardiff has been becoming quite the economic mainstay in recent years and with all of this economic activity it comes to no surprise the amount of research and development activity occurring on a daily basis is increasing as well. Read on to discover how with the help of Swanson Reed, we’ll […]

Cancer Research Cardiff: How R&D Tax Credits Can Help Cancer research in Cardiff is extremely important for not only the citizens of Cardiff, but also for the citizens of the entire world. If the research and development teams for cancer research in Cardiff can potentially discover a cure, that will mean the whole world will […]

Market Research Cardiff: Our Guide Market research, especially in a city such as Cardiff which is continuously growing and thriving thanks to economic advancements, is one of the most important aspects of presenting a product to the general public or a certain niche. Through market research in Cardiff, you’re able to identify the “pain-points” of […]

Liverpool Research and Development Liverpool R&D is the foundation of innovation and progress towards the greater good. Through this greater good and accomplishment, better products are produced, more efficient processes are developed, and an overall sense of effectiveness is derived from all of the associated activities. Thankfully, with the research and development activities throughout Liverpool, […]

Birmingham is a thriving city in England which is currently experiencing a rush of investment in the form of research and development activities. If you’re located in the Birmingham, England area and operate a company or organization which engages in qualifying R&D activities, you may be eligible for research and development tax credits. We at […]

Cardiff, Wales: An Evolving City Cardiff has long been know as a city which was heavily involved within the manufacturing industry and this is still true to this day, yet there are many exciting advancements being made in other sectors as well. Here at Swanson Reed, we want to help any and all qualifying businesses […]

Benefits of Tax Credits for Liverpool Businesses As Liverpool continue to grow exponentially year-after-year, the benefits of tax credits will continue to be quite prevalent. Your Liverpool business will benefit greatly from R&D tax credits when applied appropriately throughout your organization. Read on to learn how with the help of Swanson Reed, we’ll be able […]

Benefits of Tax Credits in Belfast Tax credits have proven to be one of the best ways to offset taxation and allow you to have more investable funding to better allocate towards the factors within your business which matter. These factors can consist of everything from hiring skilled researchers, to purchasing new equipment, or even […]

The world of makeup can be a daunting, even for the most experienced of artists. Maybe you’re a person who is traditional, meaning you haven’t changed your makeup in the past 10 to 20 years. Perhaps you have changed your makeup recently, but you want to be a bit more experimental without the risk of […]

Despite U.K R&D spending reaching a record breaking 33.1 billion pounds, its efforts were still not enough and it currently only ranks 11th in the European Union, according to Office Of National Statistics. This signifies that Britain is lagging behind its major European peers when it comes to R&D spending. Britain invested 1.67 percent of […]

After two years of construction the new Unilever research and development centre opens in Merseyside, Uk. The R&D facility features a pilot plant which will allow scientists and engineers at Unilever to test new ideas on a factory scale. The site director Cameron Jones is delighted to announce the official opening of the advanced manufacturing […]

Attention all chocoholics! How does getting paid to eat chocolate sound? Think it’s too good to be true, well think again because four new roles have opened up in the UK as a professional taster of Cadbury chocolate, Oreo cookies and cocoa drinks. Cadbury is calling all people with tastebuds for detection and with a […]

As a result of rapid advancements in research and development and innovative thinking, a worldwide beverage could become the next big phenomenon in the fuel industry. An active ingredient has been identified which is present in beer and can be used as a renewable source of motor fuel, potentially replacing diesel and gasoline and requiring […]

If your company is carrying out research into a new process and is incurring costs and expenses as a result of its research, it may be eligible for an R&D tax relief. It does not matter whether the time, effort and costs invested will result in a successful outcome, as long as the company is […]

Exciting things are ahead in the delivery service industry as Starship technologies releases their newest delivery service robots and are revolutionising local delivery by making it faster, smarter and more cost-efficient. The delivery service robots were founded in London and designed to deliver small packages within a two-to-three mile radius. The robots operate autonomously 99% of the […]

British Prime Minister Theresa May is pushing to fulfil Britain’s potential by increasing research and development funding in hope to maximise the potential of the country’s renowned scientists and universities. An extra £2.3 billion in funding on top of the already promised £12.5 billion has been guaranteed by the UK government as part of a […]

One afternoon a Yorkshireman Wes Sugden-Brook was gardening with his children, when it came to cleaning their hands with the hosepipe he switched the nozzle to the mist function. As he watched the dirt quickly disappear from his children’s hands something clicked in his head about surface area and physics and this was the beginning of […]

Social media is all over the internet and where people navigate to so do brands. A  company which has effectively figured out a strategy to turn viewer and customer information into insights for business strategies is Brandwatch. Brandwatch is a social media intelligence monitoring system founded in Brighton in 2007. The platform reads and summarizes web discussions […]

Imagine being able to simply set up car insurance for an hour, a day, a week or any time frame you wish? Well Cuvva has made this possible! The UK startup launched because of the poor experiences people had dealing with insurance companies. Often dealing with standard insurance companies can be slow, complicated and they […]

In May 2013 Tom Webster and Kate Hofman founded a company with a vision to contribute to a more sustainable farming system using aquaponics. Aquaponics is a combination of fish farming and growing plants in a nutrient rich solution other than soil. This sustainable solution enables the urban farm to produce a year-round harvest of […]

In 2016, two entrepreneurs Alan Harding and Matthew Wiggins perused their ambition of starting up their own games business with an innovative twist. Following their hunch that messaging apps would soon become the next huge platform for games the pair started to work on their future company Mojiworks. Harding and Wiggins both already knew a […]

An entrepreneur from Yorkshire has launched the company ‘Allium’ which is the UK’s most innovative and advanced green recycling business converting organic and biodegradable waste into a renewable source of energy. As a result of this innovative company founded by Richard Todd, approximately 100,000 tonnes of compost will be produced each year to restore non-agricultural land, […]

Nick Magliocchetti the CEO of the UK startup ‘Waves’ hopes to revolutionise the way we travel by launching ‘UBER’ for air with on-demand flights. Magliocchetti founded Waves after moving to Guernsey and realising how difficult it was to travel between the Channel Islands as it is reported to be one of the most expensive per […]

A British entrepreneur is working to create a business dedicated to reclaiming and reusing perceived end of life lithium batteries. Aceleron takes lithium batteries, used in everyday electronics at their apparent end of viable life and transforms them into low-cost second-life battery packs for the storage of renewable energy. Co-Founder Carlton Cummins has developed this […]

Need a quick and simple solution the cure your hunger? Or do you want to find a delicious restaurant without travelling out of town? Startup ‘EatAndTheCity’ has got you covered; offering a selection of location based wholesome and interesting foods within a short distance from your home. Ilkka Lavas founded EatAndtTheCity to create a location based […]

The days of having to travel to the pharmacist to pick up your prescription medication are over! Echo is a free app which allows you to order your repeat prescriptions to your door by simply telling the app what prescription you need and where your local GP is located. Once Echo has placed the order the […]

The innovative food delivery service ‘HelloFresh’ has taken the hard work and planning out of cooking healthy and fresh meals. Whether you are a vegetarian or an omnivore, cooking for a family or just yourself, HelloFresh has a meal plan for you. Dominik Richter and Thomas Griesel launched HelloFresh in 2012 with the mission to solve […]

In the world today there are roughly five billion people without access to safe surgical services. Surgical diseases cause more deaths than HIV/AIDS, TB and Malaria combined. The digital surgery platform ‘Touch Surgery’ is an interactive surgical simulator for healthcare professionals. The technology provides realistic and detailed guides to every step of a procedure which […]

Flypay believes in doing the hard work, so you don’t have to. Flypay is an innovative London startup that has developed a technology which lets its customers pay their own bar and restaurant bill at their table, order more food, set up a tab or order ahead for takeaway. Its goal is to make life easier […]

In 2008 entrepreneurs Bernhard Niesner and Adrian Hilti wanted to create an innovative social platform that would allow for anyone to learn and speak a new language as easily and quickly as possible. With the constant increase in amount of technology used in society, they came up with a software that connects people online teaching one […]

Neighbourly is a social platform that connects local community projects with people and companies that want to make a difference. Nick Davies launched the platform in July 2014 in hope to contribute to society, re-connect with people and celebrate the abundance of potential in our communities. In 2015 Neighbourly extended its remit to connect retailer’s […]

A new innovative student lettings app makes it easy for students to find desirable properties and for landlords to locate new tenants. CEO of the new app Leon Ifayemi, decided it was time to address the critical issues faced by university students and landlords in the rental market. Ifayemi founded SPCE in hope to make it simple and […]

Imagine using a technology that helps to pinpoint exactly which marketing strategies are most effective and will help companies achieve their desired results. RealityMine is a Manchester-based market-research technology and data company which has developed such a platform. RealityMine allows for the analysis of consumer behaviour using their mobile as a proxy to track consumer […]

A company born from his own frustration, Daniel Gandesha founded Property Partner with the hope to bring simplicity back into property investment. The startup is building a platform that will over time allow customers to choose from properties all over the UK, Europe and beyond to invest in. Property Partner is a residential real-estate crowdfunding investment platform, […]

If you have ever second guessed including music in your videos due to potentially breaching copyright laws, Jukedeck has your solution! A London startup is using artificial intelligence to revolutionise the way people and companies create unique and customised royalty free music. Patrick Stobbs and Ed Rex founded Jukedeck in 2012 in hope to build […]

A London startup company by the name of London Block Exchange (LBX) is launching the ‘Dragoncard’, which is a debit card that will allow people to spend cryptocurrencies across the UK. LBX launched on Tuesday 14 November with the mission to offer a robust experience for those who wish to safely and easily understand and invest […]

Imagine having an innovative heating system that learns exactly when you use each room in your home and turns off radiators and other heat sources independently and automatically when they are not needed. Such innovation would allow greater control of energy and electricity bills and would also be substantially more environmentally friendly. Well the smart […]

In 2009 entrepreneur Laurence Kemball-Cook had a vision to find a way of building a smarter and more sustainable environment which could empower and connect people. With the pressures of climate change and rapidly expanding cities, society currently faces complex environmental and social challenges. This was why Kemball-Cook decided to develop Pavegen, a technology that […]

Ordering and sending flowers can be a timely process, however one company has managed to bring the simplicity and fun back into gifting flowers. Bloom & Wild is an online florist that simplifies the process of ordering and sending flowers, you don’t even need to be at home to receive them. Founded in 2013, the […]

In the digitally connected world that we live in today everything around us comes to life in some way and this is exactly how the concept of EVRYTHNG came about. In 2012 a platform which connects any physical object to the internet was established by a bunch of young entrepreneurs. The company’s mission was to […]

An innovative startup drone company has determined a way to detect risks around oil rigs and gas pipelines before they become a problem. Sky-Futures has figured out a way to save time, improve safety and significantly cut costs of manual checks which typically rely on shutdowns and abseiling humans, through the use of unmanned aerial […]

Looking for an innovative solution that will reduce your risk in doing business? Need a tool that will provide your company with a more in-depth understanding of private companies, the people that run them and the market in which they operate? DueDil, short for due diligence, is your one stop shop helping businesses to find opportunities and […]

In the UK approximately 1 in every 1,000 people have lost a limb through an accident, illness or military action. Samantha Payne and Joel Gibbard are the co-founders of Open Bionics and the pair identified a serious gap for affordable, comfortable and well-functioning prosthetics in the market. Currently if you lose your hand, there are […]

The UK has a new way to shop for farm fresh local food and it is all online! Yes you heard right, thanks to the innovative company Farmdrop, it is now possible to source fresh vegetables, fruit, meat and other produce from local farmers all with the click of a few buttons. Farmdrop currently delivers […]

Liam Watson, your everyday Newcastle bloke had a vision to create a Milkshake which not only tasted great but also had great ingredients. So Watson went on to combine his love for Milkshakes with his ‘canny’ personality and created something that had never been done before – a milkshake created from 100% natural ingredients. Growing […]

It is essential that SMEs start to reap the benefits of R&D post Brexit and here is why.. The news about the government’s R&D boost is a timely reminder that UK businesses are still losing out on generous R&D savings. Over the past year there has been a 20% increase to the overall HMRC R&D […]

Chocolate lovers get ready – a new kind of chocolate will be coming to you soon. Ruby chocolate will be the fourth of the chocolates, after dark, milk and white. It’s about time too, as white chocolate was invented over 80 years ago! This pink chocolate was developed at Barry Callebaut AG, the world’s largest […]

Ulster University in Northern Ireland has opened a new £7.3 million advanced bio-medical engineering laboratory in partnership with Randox Laboratories and Heartsine Technologies. The R&D centre will offer expertise and state-of-the-art equipment to assist companies develop prototypes for the biomedical, engineering, electronic device and aerospace sectors. A £3.7 million R&D grant has been offered towards the scheme […]

Companies who followed HMRC’s guidance on staff costs may have claimed less R&D tax relief than they were entitled to. In the past few years, HMRC has issued some conflicting guidance on what you can include as an eligible staff cost in your R&D claim. In October 2014, HMRC issued a note which narrowed the […]

The latest figures from HMRC shows that only 0.3% of SMEs claimed R&D Tax Relief in 2016. That’s 17,135 out of the 5.4 million SMEs based in the UK, up from 15,955 the previous year. These firms could be missing out on hundreds of thousands of pounds that they are entitled to claim which they […]

The University of Newcastle is undergoing a research and development project to discover new ways in detecting carbon monoxide (CO) poisoning. Currently projects are being conducted which develop techniques that demonstrate the specific effects of CO on cells and tissues. The R&D project is funded by the Gas Safety Trust (GST) and the research will […]

As part of Amazon’s drive to expand its UK workforce, the company plans to double its research and development staff in London. Amazon currently have 450 workers in its London R&D team and plans to increase this to 900 by the end of 2017. The London R&D team focus on developing Amazon’s prime Video Service, […]

The UK has funded various battery technology research and development projects in hope to powering its transition to a low-carbon economy with energy storage. The project is planned to run for four years and funding has been granted up to £246m. The funding will be distributed through three competition streams that will aim to boost […]

Tata Technologies, the global leading company in IT and engineering services, has opened a new 20-million pound European innovation and development centre at Warwick in England. The facility will serve as the headquarters for the whole of Europe, which follows on from the opening of the new centres in Paris and Gothenburg in Germany, earlier […]

Research conducted by Mastercard and the Fletcher School of Tufts University has recognised the UK as one of the world’s digital elite economies, according to the Digital Evolution Index 2017. This is a comprehensive study tracking the progress countries have made in developing their digital economies and integrating connectivity into the lives of billions. The […]

The UK’s Nuclear Advanced Manufacturing Research Centre (NAMRC) has opened a new modular manufacturing research and development centre in North West England. The new facility is located at NAMRC member company Cammell Laird’s 120-acre site in Birkenhead, opposite the city of Liverpool. The R&D centre significantly expands NAMRC’s capabilities into modular manufacturing, which involves the […]

A new clinical trial has commenced at Peterborough City Hospital which could offer treatment for patients with advanced pancreatic cancer. In the past, patients suffering from pancreatic cancer that has spread outside the pancreas have had little options left in regards to treatment methods. However the new HALO 301 trial could change all this and […]

Ford seems to be showing no concerns over Britain exiting the EU as the company begins to kick-start plans to set up a new research and development facility in East London. The centre will be the central hub for the development of smarter transport. The chosen location in Stratford’s Olympic park is also home to BT […]

Energy is on a roll in the UK! The Burbo Bank Extension scheme facilitates the world’s largest and most powerful offshore wind turbines and is now powering 230,000 homes in the UK. This is the first time the huge MHI Vestas turbines have been commercially deployed.  Optimism is high that the turbines will significantly improve sustainability […]

As Britain prepares to part with the EU, it is more important than ever for UK start-ups to be aware of the financial support on offer in order to maintain a competitive advantage. The Government offers competitive incentives to encourage business growth, development and to be one of the best places to start and grow […]

The Institution of Engineering and Technology (IET) and the High Value Manufacturing Catapult (HVMC) have launched a Horizontal Innovation program that offers SMEs access to advanced technology support. The program works by giving SMEs the chance to commercialise  their innovative product by helping to solve real life societal and industry challenges in new company sectors. […]

1. SME’s receive great rates SME’s can actually claim back up to 33% on qualifying project expenditure such as, staff wages, subcontractors, consumables, materials, software and some utilities. 2. You don’t need to be profitable to claim Many businesses receive R&D tax relief through a reduction Corporation Tax owed, however if your company is making a […]

Introduction A Research and Development claim can potentially provide a net cash benefit of up to 30% of your development costs for SME’s and 7.2% for larger companies. Therefore if a company is engaging in R&D activities by producing new knowledge, exploring the path of lodging a claim and doing so correctly is a worthwhile […]

The Research and Development (R&D) tax credit scheme was introduced in 2000 as a welcome benefit by the Government for many businesses. The incentive was introduced as an encouragement for UK businesses to become more globally innovative and competitive by investing into R&D towards technological advancements in products, services or processes. Unfortunately HM Revenue and Customs […]

The tech company, Oxbotica, will lead an ambitious and ground-breaking 30-month programme to get fully autonomous vehicles travelling between London and Oxford. The study will work to resolve the fundamental challenges preventing the future commercial deployment of fully autonomous vehicles. The funding for the research comes from the government’s Industrial Strategy Challenge Fund, which is […]

A state-of-the-art innovative seating system has been developed for trains enabling operators to configure specific carriages to carry either passengers or high-value cargo as required. This is the first time ever that a passenger train can also be used as a cargo train. The fully automated adaptable carriage system requires minimal effort from operators and […]

Who would have thought that small spheres filled with natural or flavoured water could be the future solution to London’s plastic waste problem. In hope for a more sustainable future, the UK start-up company Ooho has started to create water balls, which resemble large bubbles and have a jelly-like membrane made of plant and seaweed […]

With hope to continue developing Amazon’s presence in the U.K, the company has announced its big plans to open a new Research and Development site in Cambridge to supplement the already operating ones in Edinburgh and London. The new 60,000 square foot facility, which is scheduled to open this coming autumn, will reportedly be able […]

It seems that the common misconceptions regarding research and development (R&D) tax relief which have been overcome in other industries are still lurking in the construction sector. Whilst the majority of people working in the construction industry have heard of R&D tax relief, there is often a misconception that it is not applicable. However, the […]

The UK Government has plans to invest £1billion into cutting-edge technologies over the next four years. The technologies to be invested into will be: Healthcare and medicine; robotics and artificial intelligence; batteries for clean and flexible energy storage; self-driving vehicles; manufacturing and materials of the future satellites and space technology. These new projects will create […]

The bio-pharmaceutical company, AstraZeneca, has marked a key milestone in its successful move to Cambridge, UK, with the ‘topping out’ of its new state-of-the-art strategic R&D centre. The ‘topping out’ milestone represents the completion of the new facility’s concrete frame and the focus is now directed at stalling the roof, external glass cladding and starting the […]

The Government has invested £109.7 million into 38 automotive research and development projects in hope to greatly reduce the emissions footprint. Funding has also been provided for people purchasing electronic vehicles (EV) and installing EV chargers in their homes. People purchasing EV’s will benefit from up to £4,500 off the cost of an ultra-low emission car, £2,500 off […]

Studies conducted revealed that in the UK, only 49% of business owners have heard about the research and development (R&D) tax relief. Even among those that are aware of the incentive, a large percentage believe their business would not qualify, however in many cases this is not correct. 57% of respondents say they have developed a […]

Did you know that if you run your own business, you may be eligible for the Research and Development tax credits? If you are interested in learning more about this opportunity, we are here to help you! At Swanson Reed, we can simplify the complex R&D tax relief process by processing your claim and getting […]

Research and Development (R&D) tax relief is a form of Corporation Tax (CT) tax relief.  It is a tax incentive that is designed to help companies who are willing to take risks by investing in new processes, products and services to become more competitive and more attractive to investors. R and D tax relief is […]

Do you run your own business, but are unsure of how to claim the Research & Development tax credit? At Swanson Reed, our team of specialized R&D tax advisors is here to help! We are able to make complex R&D tax relief simple by processing R&D Tax Relief claims and getting your company a rebate […]

R&D tax credits have been seriously underrated, and that means countless business owners are missing out on benefits that could be making their businesses flow a lot more smoothly.  No matter what industry sector you are in, R and D tax relief can help.  Here are five things they can offer your business that will […]

Research and Development tax relief, also known as R&D tax relief, is a Corporation Tax (CT) relief, which is available to companies of all sizes. At Swanson Reed, we are here to make the process of applying for R&D tax relief simple and easy to understand. We ensure that the efforts in innovation put forth […]

If your company is involved in research and development, you’ll be glad to know that the UK government values your work. So much so that they’ve created the R&D Tax Relief, a tax program that offers credit to your tax return based on your research expenditures. The program isn’t for everyone, but filing for it […]

Talk Business has released its list of top cities for business and investment, Based on factors such as tax incentives and government funded schemes, the list identifies international hot spots for innovation across a range of industries. Unsurprisingly, London muscled its way into the top 5. Talk Business cited the UK’S R&D tax incentives for […]