GovGrant CFO Steve Phillips reflects on the 2018 Budget and its impact on innovation and R&D
Posted on Friday 09 November 2018
As is usual, politics took centre stage following the 2018 Budget. Labour was under scrutiny after the Shadow Chancellor, John McDonnell, indicated that,
unlike his boss, he would not oppose the government’s personal tax changes. In the Times, leading economist David Smith noted that while the budget
‘must be judged as a political success,’ the level of public debt continues to be a cause for concern.
Webinar: Budget 2018: Has the chancellor delivered on tax and innovation?
Posted on Tuesday 30 October 2018
GovGrant: Agri-Business a Key Sector for Investment and Active Policymaking
Posted on Wednesday 24 October 2018
GovGrant, the innovation and R&D tax credits specialist,
has welcomed the government’s commitment to the agri-tech sector following the outcome of a government-sponsored roundtable earlier this month, where
ministers announced a further £30m investment (on top of £90m already committed via the Industrial Strategy) to enable farmers to buy into technology.
GovGrant urges boost for productivity and innovation in the October Budget
Posted on Tuesday 23 October 2018
GovGrant, the innovation and R&D tax specialist,
has urged the Chancellor to use the tax system to boost the UK’s army of inventors and innovators in the Budget on 29 October. ..Read more
GovGrant joins influential All Party Group for Design and Innovation
Posted on Tuesday 16 October 2018
GovGrant, the innovation tax incentive specialist, has joined
the All Party Design and Innovation Group (APDIG),
a parliamentary body made up of MPs and Peers that champions innovation inside and outside Parliament.
Latest Govt stats highlight how SMEs are critical to the health of the nation.
Posted on Monday 15 October 2018
Business powers our economy, even if Boris Johnson colourfully disagrees, and the Chancellor has a chance to underscore the government’s support for business
– especially small business - in his Budget at the end of October.
Innovation statistics: the government could do better says GovGrant
Posted on Monday 01 October 2018
The Chancellor has announced that Budget day 2018, one of the busiest news days in the financial calendar, will be earlier than expected, on 29 October.
New government tax stats boost innovative UK businesses
Posted on Thursday 27 September 2018
The government is giving more of a boost than ever before to the UK’s most innovative companies, according to the latest full-year statistics from HMRC.
Understanding the Enhanced Capital Allowance (ECA) scheme
Posted on Tuesday 18 September 2018
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.
Webinar: Do you recognise client innovation to maximise their tax benefits?
Posted on Friday 14 September 2018
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?
GovGrant welcomes new government initiative to help small businesses
Posted on Monday 10 September 2018
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.
The results are in; Staff survey shows GovGrant employee engagement is on the right track
Posted on Friday 07 September 2018
GovGrant’s annual staff survey has been collated and from the 10 questions posed to the staff, there were some encouraging
responses. ..Read more
GovGrant featured in The Business Magazine
Posted on Wednesday 05 September 2018
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. ..Read more
Interview with Luke Hamm, CEO GovGrant
Posted on Tuesday 04 September 2018
Tell me about your background and how/why you became CEO at GovGrant?
GovGrant featured in GTMA Aerospace Executive briefing
Posted on Thursday 30 August 2018
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
'It Pays to Innovate' workshop hosted by GovGrant
Posted on Thursday 30 August 2018
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! ..Read more
Not enough insurtechs in FCA Sandbox - Insurance Times feature
Posted on Friday 24 August 2018
This year saw only three insurtechs in the FCA Sandbox out of 29 firms in total.
CEO featured in Insurance Times
Posted on Wednesday 22 August 2018
The insurance industry is missing out on claiming back research and development (R&D) tax. ..Read more
Innovation the key for better business
Posted on Tuesday 21 August 2018
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. ..Read more
Why SMEs are not accessing R&D tax credits
Posted on Tuesday 14 August 2018
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).
GovGrant calls for UK’s innovative businesses to take up Government R&D support
Posted on Thursday 09 August 2018
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.'
Most small businesses are innovating
Posted on Wednesday 08 August 2018
Results from this year’s Federation of Small Business (FSB) innovation survey make for interesting reading.
How AI is changing all our lives – even for accountants
Posted on Tuesday 31 July 2018
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.
Steve Phillips – CFO at GovGrant - on life in the world of R&D and Innovation
Posted on Monday 30 July 2018
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?
Recognising and valuing your intellectual property
Posted on Tuesday 24 July 2018
From that light bulb moment through to go live - understanding how you maximise the value of your innovation is key.
GovGrant featured in Insurance Edge
Posted on Monday 16 July 2018
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? ..Read more
Breakfast with your local innovation partner
Posted on Tuesday 10 July 2018
Come and join us for a free breakfast seminar on Tuesday 24th July 2018, in the heart of St Albans.
Who ya gonna call?
Posted on Tuesday 03 July 2018
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. ..Read more
Whose idea was it anyway?
Posted on Tuesday 26 June 2018
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’.
Shine a light on hidden innovation
Posted on Wednesday 20 June 2018
Hidden innovation needs to be brought out from the shadows and into the spotlight.
It all adds up for new finance chief
Posted on Monday 11 June 2018
Business innovation funding and tax relief specialist GovGrant has appointed a new Chief Financial Officer (CFO).
If you’re selling a business, take time to understand your buyer
Posted on Tuesday 05 June 2018
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.
6 Degrees of Innovation
Posted on Tuesday 22 May 2018
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?
Industry 4.0 A flashy catchphrase or the next industrial revolution?
Posted on Wednesday 16 May 2018
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.
Can the government help fund your manufacturing business?
Posted on Tuesday 15 May 2018
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.
Dealing with a HMRC enquiry and building a robust claim
Posted on Tuesday 08 May 2018
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.
Lessons to be learned from TSB meltdown
Posted on Tuesday 01 May 2018
“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.” Read more
New boss at innovation specialist GovGrant
Posted on Thursday 26 April 2018
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.
Building a Green Room
Posted on Thursday 26 April 2018
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.
There's a revolution going on way out west
Posted on Tuesday 24 April 2018
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.
GovGrant in Europe’s top 100
Posted on Tuesday 17 April 2018
Business innovation funding and tax relief specialist GovGrant has been shortlisted for a prestigious global award.
R&D tax relief: what, when and how
Posted on Tuesday 03 April 2018
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.
R&D tax relief: is it worth the effort?
Posted on Tuesday 27 March 2018
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.
R&D spending, European trailblazers and Brexit implications
Posted on Thursday 22 March 2018
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. ..Read more
Green Energy – every business can do it.
Posted on Tuesday 20 March 2018
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.
What can make claiming a R&D tax credit complicated?
Posted on Tuesday 13 March 2018
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. ..Read more
We have a seat at the table
Posted on Thursday 08 March 2018
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?’ ..Read more
Helping businesses access grant funding is a piece of cake for Richard
Posted on Tuesday 06 March 2018
Richard Thompson has spent the largest part of his professional life offering help, support, and advice to small businesses.
What to expect from GovGrant
Posted on Tuesday 27 February 2018
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.
Industrial Internet of Things: Now is the time to be bold
Posted on Tuesday 20 February 2018
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.
Here’s hoping that Georgie will shine the spotlight on R&D
Posted on Friday 16 February 2018
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
What are the steps in completing an R&D tax credit?
Posted on Tuesday 06 February 2018
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. ..Read more
Technology has triggered an earthquake in the financial services world
Posted on Tuesday 30 January 2018
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.
Getting rid of scheme would be patently wrong
Posted on Tuesday 23 January 2018
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.
Government needs to make sure that the support goes where it is needed the most
Posted on Tuesday 16 January 2018
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. ..Read more
Government gets it right on Innovation
Posted on Friday 24 November 2017
Philip Hammond made it abundantly clear in his Budget that innovation and creativity are the driving forces behind the UK’s economy. ..Read more
Hertfordshire Business Awards 2017
Posted on Tuesday 21 November 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. ..Read more
The Business Show 2017
Posted on Thursday 02 November 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. ..Read more
What’s in a name?
Posted on Friday 20 October 2017
On 2 October 2017, GGTC, Capital Allowance Specialist and Patent Box Consultations starting trading as GovGrant – why? ..Read more
Coffee, cake and charity
Posted on Sunday 01 October 2017
Charity + Bakeoff back on the box = Macmillian coffee morning. ..Read more