Claim R&D Tax Relief and Access Grants for Technology & Software Projects using our experts.
- R&D Tax Credits let companies recover up to 33% of innovation costs in advancing products, services, or technology.
- Grant Funding drives growth, helping start-ups thrive and established businesses scale with government support.
R and D Tax Relief and Grants for Software Projects
We know claiming R&D Tax Relief or applying for Grants can be challenging...
We're here to help.
The technology and software sector thrives on constant innovation. Whether you’re developing new applications, solving complex technical challenges, or improving existing systems, R&D Tax Credits can reward your efforts.
Claim between 16-33% of your qualifying R&D costs to reinvest into your business.
Definition of R&D for Technology & Software
R&D in this sector involves addressing technical challenges where solutions are neither readily available or obvious to experts within the field of Computer Science / Software, and requires systematic development or novel approaches to seek resolution. It specifically applies to activities which advance knowledge or capabilities in software and technology development.
Examples include:
R and D Tax Relief and Grants for Software Projects
- Developing algorithms for ML models which address unique data complexities.
- Creating new software architectures to solve critical performance issues or enable large-scale distributed systems.
- Designing innovative cybersecurity solutions to protect against novel or emerging threats.
- Developing real-time processing systems where existing technologies are insufficient to meet specific requirements.
- Overcoming limitations in existing software by integrating novel frameworks or libraries.
- Conducting experimental development for autonomous systems in niche industries, such as healthcare or logistics.
- Developing new methods to optimise data storage or retrieval in cloud infrastructure.
- Resolving interoperability issues between disparate platforms by developing unique middleware solutions.
- Developing applications using advanced technology (e.g. AI, IoT) where significant technological uncertainty exists regarding feasibility or performance.
How is the benefit paid?
The R&D Tax Credits scheme provides two primary sources of relief:
1.
Corporation Tax Reduction/Refund
If your company is profit-making, the tax liability can be reduced (or a tax refund obtained for historical periods) by the value of the claim.
2.
Cash Payment
For loss-making companies, a 10/14.5% tax credit may be available, offering between 16-33% of eligible R&D expenditure back to your business.
Innovate, Invest and Grow
Navigating the complexities of R&D funding can be overwhelming and that’s where we step in.
Our mission is to simplify the process to help technology and software companies unlock the funding they are entitled to.
- Expert Guidance: Our thorough understanding of R&D Tax Credits and Grant Funding schemes help us identify the opportunities best suited to your business.
- Tailored Approach: Every business is unique so we take the time to understand your projects, ensuring you claim the eligible funding you are entitled to.
- End-to-End Support: From assessing eligibility to preparing and submitting claims, we handle every step of the process with precision and care.
- Grant Applications: Beyond tax incentives, we assist you in identifying and applying for grant funding competitions which align with your growth objectives.
How much is the R&D Tax Credit Relief Scheme worth?
R and D Tax Relief and Grants for Software Projects
Post April 2024: Up to 21.5% Net Benefit
Post April 2023: Up to 16.2% Net Benefit
Post April 2023: Up to 26.97% Net Benefit
Post April 2024: Up to 16.2% Net Benefit
R&D Tax Credits Claim Process
01.
Introduction
We arrange a meeting to discuss your business, qualifying criteria and how they might impact on one another.
02.
Prequalification
We conduct a thorough assessment to ensure your activities/projects comply with the incentive criteria.
03.
Information Gathering
We work closely with your key personnel to gather all the information required to support your application.
04.
Report Compilation & Review
We draft your application and forward you a copy for review to provide reassurance that the content is a true representation of your application.
05.
QA & Submission
Once you are happy with the application draft, we conduct an internal quality assurance check to ensure all requirements are satisfied before formal submission.
Grants Funding for Technology and Software
R and D Tax Relief and Grants for Software Projects
Grant Funding is a government-backed initiative designed to support businesses by providing financial assistance to drive growth and innovation across various sectors, from start-ups aiming to establish themselves to established companies looking to scale up.
Grant Funding accelerates ambition, turns visions into reality, and enables businesses to explore new opportunities, develop innovative solutions, and achieve long-term success.
Which activities would qualify for Grant Funding?
Accelerate Growth with Targeted Grant Funding Grant funding provides the resources your business needs to drive innovation, expand operations, or collaborate on cutting-edge projects.
Innovation Tax continuously monitor the market for funding competitions and opportunities available to UK companies. Although each grant awarding body has different priorities across various sectors, they target to ensure only the best projects are funded. The range of activities which can be supported by grant funding are many and varied, including:
- Funding for advanced AI and machine learning projects
- Cybersecurity solutions to address modern threats.
- Support for virtual and augmented reality (VR/AR) innovations.
- Funding for quantum computing research and applications.
- Healthcare technology (e.g., digital health platforms).
- Green technology software applications (e.g. energy efficiency management).
- Blockchain-based platforms to improve data security.
- Projects integrating IoT with AI for smart systems.
- Collaborative research with universities on software innovation.
- Export grants for scaling software products into global markets.
What Grants are available for Software & Technology businesses?
R and D Tax Relief and Grants for Software Projects
01.
Innovate UK
Read more →
02.
UKRI
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03.
SBRI Healthcare
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04.
Govt. Departments
Read more →
05.
Industrial Strategy Council
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06.
Councils & Growth Hubs
Read more →
07.
European Innovation Council
Read more →
08.
Horizon Europe - EU Commission
Read more →
How can we help?
Navigating the grant landscape can be complex. We guide you through identifying the most relevant opportunities, preparing applications, and securing the funding you need to lead in innovation.
Transform Software Innovation
Unlock the financial incentives you deserve with R&D Tax Credits and secure Grant Funding. From developing cutting-edge software solutions to enhancing digital transformation, we’re here to support your journey toward innovation and growth in the ‘tech landscape’.
R and D Tax Relief and Grants for Software Projects
Schedule a free consultation with our specialists to explore your opportunities.
Other services to access funding
R and D Tax Relief and Grants for Software Projects
Capital Allowances →
We help businesses in identifying and claiming eligible expenditure on commercial property expenditure incurred on the acquisition and fit-out costs.
Patent Box →
Our Patent Box service aids companies in benefiting from reduced tax rates on profits derived from patented inventions, providing substantial tax relief.
Energy Incentives →
We help businesses claim energy tax incentives through Climate Change Levy Exemption, Energy Intensive Industries Tax Relief and UK ETS Compensation Schemes.
HMRC Enquiry Support →
We provide expert assistance in responding to HMRC enquiries, ensuring the response is clear, sufficiently detailed and in-line with HMRC's expectations.
Your Partner in Software Innovation
Serving technology and software companies across the UK, we’re dedicated to helping you maximise your financial opportunities and focus on creating groundbreaking solutions.
- Eligibility Assessment: Identify all qualifying R&D activities and expenditure in line with current guidelines.
- Application Support: Compile compelling claims and grant proposals to maximise your likelihood of success.
- Compliance Assurance: Ensure full adherence to HMRC’s new digital submission and pre-notification requirements.
- Deadline Management: Expedite your claim preparation and submission to meet critical year-end deadlines.