R&D tax relief, the Patent Box scheme and innovation funding grants are all designed to help set you on a cycle of innovation and IP exploitation so that you and the country can grow and prosper.
You may believe that you don’t carry out R&D or create innovations – you simply solve problems in your business as they arise. Yet there are plenty of activities SMEs carry out each year that qualify for tax relief or further funding. Or you may have put it off as it seems too complicated or time-consuming to bother.
Whatever the reason, you could be losing out on non-repayable funding that the government wants you to claim. Doing so helps you innovate and achieve their grand ambition for the UK to become the most innovative country in the world.
We’ve put together this guide to help you see what activities are eligible and how much you could claim.