Understanding the Enhanced Capital Allowance (ECA) scheme

For any bricks and mortar business, one of the most significant investments they can make will be in plant and machinery. The natural temptation is often to keep the extent of this investment as low as possible while getting the job done in the most efficient and safest way possible.
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Webinar: Do you recognise client innovation to maximise their tax benefits?

When it comes to claiming R&D tax relief and offering Patent Box services, are you sure that you are doing enough to maximise your clients’ position?
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GovGrant welcomes new government initiative to help small businesses

Luke Hamm, chief executive of innovation tax specialist GovGrant, has welcomed the government’s announcement that it is to introduce new laws to protect small businesses against unfair contracts that stop them raising money from unpaid invoices.
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The results are in; Staff survey shows GovGrant employee engagement is on the right track

GovGrant’s annual staff survey has been collated and from the 10 questions posed to the staff, there were some encouraging responses.  ..

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GovGrant featured in The Business Magazine

Entrepreneurial businesses can capitalise on their innovations by taking advantage of government incentives. R&D tax relief adviser GovGrant’s chief executive officer Luke Hamm tells Tim Wickham why more UK companies should consider claiming the relief and protecting their intellectual property.  ..

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Interview with Luke Hamm, CEO GovGrant

Tell me about your background and how/why you became CEO at GovGrant?
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GovGrant featured in GTMA Aerospace Executive briefing

Charles Darwin said that ‘it's not the strongest of the species that survive, nor the most intelligent, but the one that is most responsive to change.’ He was citing the animal kingdom, but (if he was still with us) he could equally be channeling the UK aerospace sector, one of the UK’s most important industries. 
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'It Pays to Innovate' workshop hosted by GovGrant

We are delighted to be hosting our second 'It Pays to Innovate' workshop with Velocity Growth Hub next week. Seats are limited, but it's not to late to book your free space!  ..

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Not enough insurtechs in FCA Sandbox - Insurance Times feature

This year saw only three insurtechs in the FCA Sandbox out of 29 firms in total.
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CEO featured in Insurance Times

The insurance industry is missing out on claiming back research and development (R&D) tax.   ..

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Innovation the key for better business

One of the more heartening aspects of this year’s Federation of Small Business (FSB) innovation survey is that SMEs know they need to innovate, particularly in the face of competition.  ..

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Why SMEs are not accessing R&D tax credits

The Federation of Small Business (FSB) innovation survey stands out like a sore thumb. There are a huge number of SMEs not accessing or not even being aware of government support for their research and development (R&D).
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GovGrant calls for UK’s innovative businesses to take up Government R&D support

GovGrant, the leading innovation tax relief specialist, has welcomed what the government has described as the ‘biggest increase in public R&D (research and development) funding for over 40 years.'
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Most small businesses are innovating

Results from this year’s Federation of Small Business (FSB) innovation survey make for interesting reading.
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How AI is changing all our lives – even for accountants

The march of artificial intelligence is seemingly unstoppable. An AI-world is viewed with alarm or excitement depending, I suspect on whether the Terminator movies increase your pulse rate or send you to sleep.
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Steve Phillips – CFO at GovGrant - on life in the world of R&D and Innovation

Q. You’ve had a number of senior roles in private equity-backed businesses, and in private equity, so what was the attraction of joining GovGrant?

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Recognising and valuing your intellectual property

From that light bulb moment through to go live - understanding how you maximise the value of your innovation is key.
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GovGrant featured in Insurance Edge

Insurtech is the buzzword in the insurance industry right now, with dozens of UK start-ups all trying out new ideas and often hungry for investment cash. But what can they do to increase their chances of getting off the launch pad? Is there anything companies can do to get more government help? ..

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Breakfast with your local innovation partner

Come and join us for a free breakfast seminar on Tuesday 24th July 2018, in the heart of St Albans. 
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Who ya gonna call?

We are working more closely than ever with accountants to help businesses secure the grants which are so vital to encourage continued innovation which not only helps them to an edge over competitors but also keeps the wheels of industry turning. ..

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Whose idea was it anyway?

Anyone old enough to remember the BBC comedy series Harry Enfield and Chums may recall the wonderful public information film pastiche sketches which always ended with the phrase ‘Women, know your limits’.
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Shine a light on hidden innovation

Hidden innovation needs to be brought out from the shadows and into the spotlight.
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It all adds up for new finance chief

Business innovation funding and tax relief specialist GovGrant has appointed a new Chief Financial Officer (CFO).
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If you’re selling a business, take time to understand your buyer

When you first begin to think about selling your business take some time to consider what your potential buyers will be looking for and what will make your company stand out from similar businesses for sale. After all, when you do sell you will want to achieve the best possible price so taking time to prepare and increase exit value will bring substantial rewards in terms of exit value.
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6 Degrees of Innovation

It is often said that you are only ever 6 steps away from anyone- in a world that small where information is now distributed in fractions of a second, the same must be said for Innovation. It begs the question that if innovation is readily available - what does it look like?
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Industry 4.0 A flashy catchphrase or the next industrial revolution?

The term "Industry 4.0" originates from a project in the high-tech strategy of the German government promoting the computerisation of manufacturing and adopted globally as a name for the current trend of automation and data exchange in manufacturing technologies. It includes cyber-physical systems, the Internet of Things, cloud computing and cognitive computing. Industry 4.0 introduces what has been called the “smart factory,” in which cyber-physical systems monitor the physical processes of the factory and make decentralised decisions.
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Can the government help fund your manufacturing business?

It is certainly in the best interest of the UK to bolster the manufacturing capabilities of UK companies, especially during turbulent times when international trading relationships are in a state of flux. Some people might be surprised to learn that the government is doing something to address the situation.
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Dealing with a HMRC enquiry and building a robust claim

Innovation keeps the UK at the forefront of today’s ever-changing world and one step ahead of global competition. But it is a costly business and the Government recognises that through its Research and Development (R&D) Tax Credits scheme. This rewards business innovation by allowing additional corporation tax relief and/or cash refunds on qualifying expenditure incurred on innovation and R&D activities.
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Lessons to be learned from TSB meltdown

“We apologise for any inconvenience you might be experiencing. If you wish to make a complaint, please contact us. We’ll do our best to put things right.” 
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New boss at innovation specialist GovGrant

The company responsible for securing millions of pounds in Research and Development (R&D) tax credits for small or medium sized businesses (SMEs) has appointed a new chief executive officer.
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Building a Green Room

Due to the contribution it makes to carbon emissions the real estate sector is in the forefront of the shift to building “green” buildings. This has been driven by a mix of public sentiment and awareness, legislative pressure and technological advances.
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There's a revolution going on way out west

It may be best known for cider and clotted cream, but there is a revolution going on in the South West of the UK with hi-tech companies springing up at a rate of knots.
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GovGrant in Europe’s top 100

Business innovation funding and tax relief specialist GovGrant has been shortlisted for a prestigious global award.
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R&D tax relief: what, when and how

If you have a company that does a lot of research and development, you will want to look into the R&D tax claims you can make. In some cases, you can get reimbursement for up to 33% of your development costs.
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R&D tax relief: is it worth the effort?

Getting a tax credit for making your business better and more efficient, or for bringing a new product to light, is a great thing. It can help you recoup costs that you had for the research and development projects you undertook.
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R&D spending, European trailblazers and Brexit implications

The new official bulletin on R&D spending statistics makes for fascinating reading from a business point of view. Produced annually by the Office for National Statistics (ONS), figures in the Gross domestic expenditure on Research and Development, UK: 2016 are the latest available.  ..

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Green Energy – every business can do it.

It is an essential element of the UK Industrial Strategy to encourage businesses to invest in green energy to ensure, we continue to reduce our carbon footprint. Environmental taxes have been making the headlines in recent months. The public is more aware of caring for the environment than ever before, with charges for carrier bags and coffee cups and the rise in popularity of electric cars and green energy suppliers to the home.
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What can make claiming a R&D tax credit complicated?

When assessing research and development projects, knowing which ones qualify for R&D tax credits can help you plan your strategy and budget. When spending money on these types of projects, it is important to understand how these credits are calculated, and what it could potentially mean for your business. Companies can currently claim up to 33% of their expenditures through R&D tax claims.  ..

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We have a seat at the table

Last night, GovGrant hosted a dinner at the House of Commons with a number of MPs, industry experts and our clients to discuss how government should support the SME community. The focus was on the question, ‘If the R&D tax credit system is driving innovation and productivity, why is uptake still low and what should be done to give SMEs better IP protection and understanding?’  ..

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Helping businesses access grant funding is a piece of cake for Richard

Richard Thompson has spent the largest part of his professional life offering help, support, and advice to small businesses.
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What to expect from GovGrant

Are you the owner of a small or medium-sized enterprise (SME) in the UK and think that you could be entitled to research and development tax credits? By working with GovGrant you can eliminate the costly guesswork involved in making R&D tax claims by yourself.
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Industrial Internet of Things: Now is the time to be bold

The statistics are truly mind-blowing and should act as a wake-up call to small and medium-sized enterprises (SMEs) across the UK. According to figures from The Centre for Economics and Business Research, the Industrial Internet of Things (IIoT) is likely to add an incredible £322 billion to the country’s economy over the next two years and create thousands of jobs in the process.
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Here’s hoping that Georgie will shine the spotlight on R&D

If I was being completely honest I am really not sure how I would react if a member of my team told me they were going to take a few weeks off from work so they could appear on a reality TV show. My immediate concern would be about how the actions of the person involved might affect the reputation of our business.
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What are the steps in completing an R&D tax credit?

If you are a business owner or manager with a company presence in the UK, you may be eligible for research and development (R&D) tax credits. At GovGrant, our consultants focus on helping you to maximise your R&D tax credit claim no matter the size of your business or your principal products and services. We will help you to follow these simple steps to make sure that you are getting the most from your claim. ..

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Technology has triggered an earthquake in the financial services world

Advances in technology and the ever evolving digital landscape have triggered what can only be described as a revolution in the normally conservative world of the financial services sector.
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Getting rid of scheme would be patently wrong

A long awaited report into tax credit relief was pretty much guaranteed to make waves because of its forthright views. The Institute for Public Policy Research did not hold back when it released its findings into the extra revenue that firms can access for carrying out research and development.
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Government needs to make sure that the support goes where it is needed the most

Everyone knows that running your own business is one of the toughest challenges out there in the professional world. It takes a mixture of guts, determination and self-belief to make a success of a small enterprise and the UK’s army of entrepreneurs need all the help and support they can get. ..

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Government gets it right on Innovation

Philip Hammond made it abundantly clear in his Budget that innovation and creativity are the driving forces behind the UK’s economy. ..

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Hertfordshire Business Awards 2017

GovGrant’s managing director Jeremy Tear has been judging the innovation category in this year’s Hertfordshire Business Awards and his visits to the shortlisted businesses have provided him with plenty of insights and inspiration. ..

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The Business Show 2017

GovGrant is looking forward to exhibiting at The Business Show this year. This free business exhibition offers a wealth of opportunity, advice and information crucial for ongoing business growth within a challenging economy. The event is committed to providing you with everything needed to improve, evolve and expand your business.  ..

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What’s in a name?

On 2 October 2017, GGTC, Capital Allowance Specialist and Patent Box Consultations starting trading as GovGrant – why? ..

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Coffee, cake and charity

Charity + Bakeoff back on the box = Macmillian coffee morning. ..

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