We see the wonderful work that goes on in UK businesses every day. Work that frequently remains unacknowledged and not even recognised as innovation. Clients often say “It’s just what we do”. But it’s more than that – it’s finding new approaches, solving problems, future proofing, integrating and finding new and exciting ways to serve the needs of clients.
At GovGrant we believe that innovation needs to be the driving force behind the UK’s economic growth. The global landscape now evolves at a rapid rate and it is clear that the value of intangible assets can drive business success. This is the heart of R&D and Intellectual Property.
Our Mission is to empower businesses to realise their innovation potential through commercially focused consultancy. Our deep understanding of the R&D ecosystem transcends our service lines but is critical to how we continue to evolve and meet our client needs.
Our greatest skill is in translating technical jargon to commercially focused business outcomes. We act as a go-between for clients with a pivotal role in relationships in the professional services community, both accountants and lawyers. We support corporate innovators and investors trying to help carve out their future position through investment in innovation. Intellectual Property needs to be an accessible subject and be in every conversation for businesses.
We are changing the conversation around innovation and our voice is growing in volume and reach.
R&D tax relief was introduced by the Government in 2000 to encourage UK innovation and our business was created as a direct response. Realising that many of our clients weren’t benefitting fully from R&D tax relief and R&D capital allowances, our founders saw the need for straightforward, specialist advice to help businesses make the most of this opportunity.
In 2013, when Patent Box was launched, we responded with a new service to support our clients as they actively identified, valued, managed, and exploited their Intellectual Property.
We evolved and grew three successful businesses by responding to new opportunities in legislation. In 2017 they were brought together under the name GovGrant to offer our clients a holistic view of the incentives and tax relief that promote innovation today. We help our clients commercialise their innovation and that has always been our sole focus.
GovGrant continues to go from strength to strength, growing year on year to help even more clients receive more benefit for their innovation. As part of a period of impressive growth, on the 1 September 2021 GovGrant announced the acquisition of Luvo Financial seeing this as a significant opportunity for both.
The strength and depth of our experience means that we have a seat at the table when government and businesses discuss the best way to reward innovation in the UK. We aim to influence policy by representing the best interests of our clients.
As a business who has had a core focus on quality and standards, we know GovGrant is best placed to help shape the next evolution of the market.
On 31 March 2023, GovGrant was acquired by Source Advisors LLC an exciting step in our journey as a business as we turbocharge our growth.
As part of the Source family we share a joint vision deeply rooted in quality, relationships and creating the very best working culture for our people.
Source Advisors is a specialised tax consulting firm based in Fort Worth, Texas, providing R&D tax credit and other incentive solutions for 40 years. As part of Source Advisors, we now have access to a global team of over 250 professionals to serve our clients in the UK and their interests overseas.
Together, Source Advisors and GovGrant continue to provide unique expertise, tailored solutions, and stellar client service.
We help our clients commercialise their innovation and that has always been our sole focus.
We have access to a full range of industry experts across the country – with different experience, skillsets and technical knowledge. Whether your business is big or small, complex or simple, single or multi-site – we will find a technical specialist who has the right mix of skills for you.
Your Technical Specialist will speak your language and will have experience in your sector, so they will waste no time in getting to grips with the work you do. They will come and walk the floors. It’s the best way to get to know you and your business.
We have a seat at the table when government and business discuss the best way to reward innovation in the UK. We aim to influence policy by representing the innovative businesses we work with.
