£20 Million on R&D to Build UK Resilience Following Coronavirus Outbreak  

Businesses could help boost the UK’s resilience to the long-term impact of the coronavirus outbreak and similar situations in the future, as a result of £20 million government funding announced Friday 3 April. 

Grants of up to £50,000 will be available to technology and research-focussed businesses to develop new ways of working and help build resilience in industries such as delivery services, food manufacturing, retail and transport, as well as support people at home in circumstances like those during the coronavirus outbreak. 

Innovations could include: 

  • new technology allowing retailers to respond better to sudden spikes of consumer demand and improve deliveries across the UK 
  • new services for families to connect with and remotely monitor their elderly or vulnerable relatives, giving people peace of mind that their loved ones are receiving the services they require such as food deliveries, doctor’s appointments and paying bills 
  • creating education tools which seamlessly integrate the classroom with the kitchen table, allowing teachers to remotely set dynamic tasks, support vulnerable children and make certain no child is left behind 

It’s been incredible seeing the stories on LinkedIn and other business groups where by business owners have adopted new technologies in order to adapt to the ‘new normal’ that we find ourselves in today. 

Find out more by clicking here 

With the unprecedented Coronavirus outbreak affecting most businesses, it isn’t a surprise that R&D claims are being paid out by HMRC really quickly now, in comparison to usual times – and here’s where we can help: 

While HMRC statistics show many industries in the UK are waking up to the benefits of R&D tax credits, the potential is far greater. Numerous businesses are either not aware of R&D tax credits, incorrectly believe that they do not qualify or feel that they lack the necessary experience to submit a claim. 

Many companies are not claiming or not maximising their full legitimate entitlement, yet they are conducting qualifying R&D activities for R&D tax relief purposes on a daily basis, without even realising it. What may seem as typical day-to-day challenges in the office may qualify, and if they do – it is an incredibly quick way to plug some cash back into your business, at a time where you need it most. 

Date: Friday 30th April  

Time: 11AM 

In this webinar, ex HMRC officer and Tax Partner – Neill Staff will be talking through what projects can qualify for R&D and how we can help you claim for R&D tax credits – quickly. 

At Raffingers, we submit around 100 claims each year and, to date, we have a 100% success rate so receiving tax repayment notifications is quite a common event. Since 2015 we have identified qualifying R&D expenditure for clients in excess of £28million pounds and have also secured R&D tax savings and repayments for clients in excess of £5million pounds. 

Register to find out if you qualify. 

Click Here to register.