Innovation | FI Group UK

01.12.2022

Funding

IETF

Innovation

investment

R&D Tax Credits

Industrial Energy Transformation Fund (IETF)...

How the IEFT can help fund your high-energy use business. The world is shifting toward a more renewable future. The industrial energy transformation is underway with new technologies and innovations that are changing the way we use energy. But the move away from traditional energy sources has left manufacturers in a difficult position. The IETF funding...

The R&D Autumn Budget

Looking at the good and the Bad The R&D Autumn Budget: What was announced It has been just over a week since The Chancellor of the Exchequer Jeremy Hunt released his R&D Autumn Budget for 2022. It has been met with mixed emotions across the R&D industry. In November 2021 it was announced that the...

How drones are changing the...

Is my drone business eligible to claim R&D Tax Credits? Although drones have been around for decades, there has been a surge in how many businesses are now finding valuable use cases to improve and power their business operations. In short, from science to surveying and surveillance. They have even expanded for use in agricultural,...

Events 2022: FI Group’s attending...

The Business Show Event The Business Show events hold some of the biggest events in Europe. Having connected thousands of savvy business owners and budding entrepreneurs for over 25 years, they share a wealth of knowledge, advice, and skills in the heart of London. Alongside the Business Show 2022, they also have Working From home...

Funding the UK’s FinTech Boom

Investing in the future of financial services The UK is among the top 5 innovative countries, alongside Switzerland, the USA, and Sweden, with Israel, South Korea and Singapore following closely behind. Each year the UK has invested nearly £16 billion (just under 1% of GDP) in research. This is to develop new products to compete...

AR: The world between realms

Why you can claim R&D tax with AR research and development projects? Augmented reality (AR) is an enhanced version of the physical world that is achieved through the use of digital sounds, sensory stimuli, and visual elements. It allows users to pick a virtual image and overlay it on an image of an actual or...

R&D Tax: What Innovation Grants...

What is Innovate UK Grants Funding? Innovate UK is the primary UK funding body that provides financial grants to support and incentivise businesses to undertake research and development (R&D). Including but not limited to, processes, services, and products to test innovative ideas. In turn, these new developments result in economic growth for businesses and the...

R&D Tax claims from big...

R&D was introduced in 2000 for small companies and in 2002 for large companies in the UK. Brands such as Coca-Cola, Amazon, Nokia, Fitbit, and Nike have used research and development (R&D) incentives to claim tax credits. In this article, we will begin by looking at Coca-Cola’s R&D tax-claiming project that began when the sugar...

R&D Tax: What are the...

Quarterly R&D Tax reporting is more beneficial than yearly reporting. But before we begin with why, let's look at what R&D Tax Credits are. R&D Tax Credits are offered by the government for research and development projects (R&D). In essence, to help fund innovative businesses in the UK. However, for small to medium enterprises (SMEs),...

The Growth of the SaaS...

With SaaS companies offering apps that continue to provide efficient solutions to an array of modern business and consumer needs, the success of this platform format was assured. Nonetheless, as the volume of VC’s driving astronomic valuations increases and becomes more competitive, methods of driving growth and valuing companies are going through a much-needed evolution....