Issue #13: Pounds in Play, British Business Funding's Newsletter

The Benefits of R&D Tax Credits for Your Business

In today’s competitive business landscape, finding ways to fund your ventures and boost innovation is essential. While traditional methods like loans and grants are common, one often-overlooked avenue is taking advantage of tax incentives. One scheme that could significantly benefit your business is the Research and Development (R&D) tax credit scheme.

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Are you wondering how to claim R&D tax credits?

There isn’t any one-size-fits-all approach to applying for your R&D tax credits.?

We dive into the nitty gritty, figure out exactly where your business stands with state, external, and or private investment, and help determine eligibility and make the next steps a breeze to go through.

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Headlines within the world of business

Biotech companies to increase R&D spend

Hong Kong aiming to set up $364m semiconductor R&D institute

An overview of British Business Funding's recent proceedings

Business Loans ??:

Approvals Obtained ??:

• ￡400k Term Loan for a design agency
• ￡50k Term Loan for catering and hospitality company

Deals Completed ?:

• 300k Invoice Finance for a business management consultancy
• 100k Term Loan for a creative and digital media company

R&D Claims ??:

Estimates & Claims Being Processed ??:

• ￡65,000 for a manufacturing company

Deals Completed ?:

• ￡35,012 for a software development company

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