Covid-19 update: Read more

When is a disruptor really a distraction?

Posted on Tuesday 22 September 2020 by Luke Hamm | Chief Executive Officer

I am a change agent, always have been. I love to challenge the status quo of our business, with a drive to improve the outcomes for our clients. We should always be on our toes, asking ourselves how we do this quicker, better, and smarter.
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Can I claim R&D tax relief for furloughed staff?

Posted on Wednesday 16 September 2020 by Vanessa Cooper | Group Technical Tax Manager

We have had some clarification from HMRC on how companies furloughing staff deal with claims under the SME R&D tax relief or Research and Development Expenditure Credit (RDEC) schemes. It’s important to realise that the rules are different under each of these schemes. But also that small and medium enterprises can claim under the RDEC scheme.
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Inside Accountancy podcast: Targeting tax incentives

Posted on Tuesday 8 September 2020 by Luke Hamm | Chief Executive Officer

As businesses look to recover from this year’s crisis, investment in R&D is a vital step for a sustainable UK economic recovery. In their latest Inside Accountancy podcast, Accountancy Age’s Leanna Reeves speaks to GovGrant’s Luke Hamm to assess how tax incentives should be further targeted to encourage investment from organisations into R&D projects.
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The need for regulation in R&D tax advisors

Posted on Monday 7 September 2020 by Luke Hamm | Chief Executive Officer

There has been much talk about the regulation surrounding R&D tax advisors and it is a welcome conversation. I would love to work with like-minded advisors to keep evolving the conversation. To find the right framework for this industry today, and just as importantly, where it goes next.
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Are Scottish businesses missing out when it comes to R&D tax incentives?

Posted on Friday 21 August 2020 by Derek Granger | Scottish Regional Development Manager

In the UK companies are able to claim tax relief for their R&D activity. This government scheme is designed to boost innovation by supporting businesses that seek to improve or overcome challenges or uncertainties in their products and processes. We know that businesses in Scotland have a proud tradition of innovation and invention but are Scottish businesses being awarded the tax benefit they are entitled to?

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IP strategy – key to thriving in a post-covid world

Posted on Wednesday 15 July 2020 by Akshay Thaman | Intellectual Property Analyst

As non-essential business begins to reopen after months of non-trading, and those on furlough start to return to work, many companies across the UK are pressing the ‘resume’ button in an environment with greater volatility than ever before. This will pose challenges on an unprecedented scale; therefore, companies will be doing all they can to ensure that there is enough cash available to weather the storm that is to come.
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Covid-19 – business as usual and the new normal

Posted on Thursday 9 July 2020 by Ruth Hayes | Human Resources Manager

As we pass the milestone of 100 days since lockdown started, it seems like a good time to take stock and reflect on how life has changed for us as a business over these past three months.
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HMRC’s hallmarks of Research and Development

Posted on Wednesday 8 July 2020 by Luke Hamm | Chief Executive Officer

In the recent HMRC consultation regarding the R&D tax credit cap for SMEs, they talked about a need to identify and rely on ‘Hallmarks’ of R&D to ensure that claims that are being made are bona fide and not an attempt to play the system.
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GovGrant responds to the government launch of the R&D Roadmap

Posted on Wednesday 1 July 2020 by Luke Hamm | Chief Executive Officer

On 1 July 2020 the government released an R&D Roadmap to set out vision to attract global talent, cut unnecessary bureaucracy and cement the UK as a world-leading science superpower.
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GovGrant welcomes the BEIS announcement of R&D budget allocations for 2020 to 2021

Posted on Friday 5 June 2020 by GovGrant

It may seem like another era, but the UK budget on was less than 3 months ago. At that time the Chancellor set out his plans to increase public R&D investment to £22 billion per year by 2024 to 2025.
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HMRC confirms the State Aid rules for each new Covid-19 loan scheme

Posted on Friday 29 May 2020 by Vanessa Cooper | Group Technical Tax Manager

GovGrant sits on the Research & Development Consultative Committee (RDCC) to represent UK’s business when it comes to the operational delivery of the R&D tax relief schemes. This is an HMRC-sponsored forum, and as members we receive regular updates as HMRC advice evolves and develops. We are currently in an unprecedented period of change, with the introduction of new and vital measures to support business British business.> Read more


When HMRC investigates – what does it tell us about our industry

Posted on Friday 22 May 2020 by Luke Hamm | Chief Executive Officer

HMRC recently reported on the outcome of a first tier tax tribunal case investigation into an R&D tax claim.

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Speed of deployment – the measure of success for government support during Covid-19

Posted on Friday 15 May 2020 by Luke Hamm | Chief Executive Officer

In his first ever budget the Chancellor was bold and ambitious with his plans but since the 11 March the world and economy have changed beyond compare and the subsequent financial response from the Chancellor means the budget has paled into insignificance. Here Luke Hamm, CEO at GovGrant, considers how innovation is being promoted by the government and how speed is critical to any success.

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How will Covid-19 affect the going concern requirements?

Posted on Monday 11 May 2020 by Vanessa Cooper | Group Technical Tax Manager

Increased risk of material uncertainties

In these unprecedented times, the audit of going concern assessments and reporting on material uncertainty related to going concerns are key for auditors. The Audit and Assurance Faculty has produced two guides on the topic.
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In our hour of need is the UK’s patent process a help or a hindrance?

Posted on Tuesday 5 May 2020 by Akshay Thaman | Intellectual Property Analyst

It is safe to say that the sudden emergence of Covid-19 and its impact has taken the world by surprise. It has brought economies to their knees as well as posed social challenges, but most importantly, it represents a great threat to the health and wellbeing of the most vulnerable. In these truly unprecedented times, our hopes of fighting, mitigating, and eventually, overcoming this global pandemic rest on the shoulders of innovative companies, universities and other organisations coming up with technical solutions to solve this problem, and fast.
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GovGrant – an active member of the CBI R&D working group

Posted on Wednesday 22 April 2020 by Luke Hamm | Chief Executive Officer

GovGrant – a seat at the table when policy is discussed

Over the years our business has grown as a direct response to government initiatives to encourage innovation in the business community. Using our experience and expertise, we now 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 our clients.
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Accelerate cashflow thanks to your R&D

Posted on Tuesday 7 April 2020 by Luke Hamm | Chief Executive Officer

R&D tax credits provide a real financial benefit to UK companies. As part of the UK governments commitment to R&D and innovation, it is one of the most successful mechanisms to support innovation in business. And now is the time to make sure that you are receiving the maximum amount of value possible.
> Read more


New grant funding announced for UK’s innovative businesses

Posted on Monday 6 April 2020 by Akshay Thaman | Intellectual Property Analyst

On Friday 3 April the government announced that Innovate UK, part of UK Research and Innovation, will invest up to £20 million in the funding of innovation projects that respond directly to the Covid-19 pandemic.
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HMRC updates on R&D tax relief in the light of Covid-19

Posted on Friday 3 April 2020 by Vanessa Cooper | Group Technical Tax Manager

GovGrant, like many SMEs, is doing everything we can to share, support and advise UK companies at this time

Yesterday we received an email update from HMRC specifically on R&D tax relief, which we share below. We hope it helps answer some of your questions but if you want to have a more detailed conversation about how Covid-19 is affecting your business either email or leave a message and we’ll get back to you.

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Leisure in Lockdown – at least your mind is free to wander

Posted on Wednesday 25 March 2020 by Luke Hamm | Chief Executive Officer

“What is this life if, full of care, we have no time to stand and stare.” The words of welsh poet W H Davies were ringing my ears for all the right reasons today.”
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Spring Budget supports R&D tax relief

Posted on Wednesday 11 March 2020 by Luke Hamm | Chief Executive Officer

The chancellor stands firm on the government’s commitment to R&D tax relief. The government have announced sweeping measures to turbocharge the UK economy and commitment to R&D was underlined with a massive £22bn investment.

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What does this election mean for innovation in the UK

Posted on Tuesday 26 November 2019 by Luke Hamm | Chief Executive Officer

The golden rule in an office, never talk politics – well sorry, I feel that I need to break that rule! The election manifestos have been unsurprising from the main two parties – sort Brexit on one side or change everything the other side is the summary. But of selfish importance to me and my clients is the parties view on how government should invest in R&D to make sure the UK leads the world in innovation.

> Read more


R&D Tax Credits: doing nothing is not an option

Posted on Tuesday 15 October 2019 by Luke Hamm | Chief Executive Officer

In their latest podcast, Accountancy Age spoke to GovGrant’s CEO, Luke Hamm, about the need for the R&D tax credit programme to be kickstarted in the UK in order to drive much-needed innovation. In this entertaining podcast, we cover why the government must do more, how businesses of all sizes are missing out, the regional problem and why the big four need to take some of the blame for the issue.

> Read more


Government must do more to support innovation or risk losing our best businesses to competitors

Posted on Thursday 10 October 2019 by Luke Hamm | Chief Executive Officer

Innovation tax specialist GovGrant comments on the annual HMRC tax credits statistics and says Government needs to demonstrate that it really is pro-business. Commenting before the publication today (10 October) of the latest HMRC statistics measuring the amount of tax credits claimed by the UK’s most innovative businesses during the previous 12 months, Luke Hamm, CEO of GovGrant, said:

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Good news in HMRC R&D tax credits report, but new policies needed to boost growth

Posted on Thursday 10 October 2019 by Luke Hamm | Chief Executive Officer

Commenting on HMRC’s analysis of UK R&D tax credits in its report, published today Luke Hamm, CEO of innovation tax specialist GovGrant, which has helped businesses claim back over £200m for their R&D, said: “The good news is that the number of claims by UK SME businesses accessing the tax credits system has increased by 22% between 2015-16 and the end of 2017. 77% of all claims are from SMEs, and there’s been a welcome 15% increase in the number of first time SME applications.”

> Read more


Hertfordshire Business Awards 2019

Posted on Friday 4 October 2019 by Dominic Bartholdi | Head of Business Development

GovGrant is delighted to be sponsoring the Innovation category at this year’s Hertfordshire Business Awards. This will be our third year sponsoring this category, which recognises and rewards innovation within our region. It always made sense for us to sponsor this award, after all, we spend our time working with all kinds of firms helping them identify innovation so they can get access to vital government funding.

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Staff spotlight: An interview with GovGrant’s first apprentice

Posted on Wednesday 17 July 2019 by Ruth Hayes | Human Resources Manager

Back in March, we began the search for our first apprentice to join the GovGrant team. Fast forward to June and Kati Plowman-sale had started her first day here in our St Albans office, taking on the role of Apprentice Finance Administrator. Kati is in the process of completing a Finance apprenticeship with North Hertfordshire College. We sat down with Kati to find out what she thought of the application process, her experience so far in the role and her future goals.

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Yorkshire firm gets £90,000 boost from tax scheme – and urges others to check if they’re eligible

Posted on Monday 8 July 2019 by Dominic Bartholdi | Head of Business Development

Hebden Bridge-based Urban Cottage Industries has secured £90,000 under the R&D tax credit scheme. The company is a bespoke manufacturer of high quality, retro and vintage style lighting equipment, aimed at professional designers, architects and engineers. CEO Stanley Wilson said the money had made a big difference to the firm, which invests heavily in innovation, at a time when tough market conditions made it a challenge to pay their day-to-day bills.

> Read more


GovGrant urges separation of audit and consultancy in order to embrace contingent fees for consultancy services

Posted on Wednesday 3 July 2019 by Steve Phillips | Chief Financial Officer

The CEO of one of the UK’s leading innovation tax specialists has called for contingent fees to be fully embraced by clients seeking the best possible outcome for their R&D and innovation tax credits strategy. Luke Hamm, CEO of GovGrant, which specialises in helping firms claim tax credits from their innovation and intellectual property, which is then re-invested, said that contingent (or success fees) were a better means of deriving full value from a claim than fixed fees or hourly rates.

> Read more


Unleashing Opportunities – GovGrant leads the way at SME event

Posted on Thursday 27 June 2019 by Luke Hamm | Chief Executive Officer

GovGrant collaborated with four other firms aiming to help SMEs maximise their innovation opportunities at a June event in partnership with Business Funding Show. It was the first in a programme of GovGrant sponsored events. We invited the other organisations to share the platform in order to give innovative companies a fully-rounded insight into available funding sources (debt, equity, grant and, of course, the R&D tax credits and Patent Box schemes) to support a continuous cycle of innovation within their organisations, and all the business benefits that ensue.

> Read more


GovGrant targets agritech and vertical farming to support innovation in food production

Posted on Thursday 13 June 2019 by GovGrant

GovGrant, the innovation tax specialist that helps businesses secure tax breaks for their R&D and intellectual property, has targeted ‘vertical farming’ for future business development. GovGrant CEO Luke Hamm said that vertical farming provides ethical solutions to the problems of mass population, as well as practical opportunities to commercialise food production by adopting new practices in an industry that hasn’t much changed for thousands of years.

> Read more


GovGrant’s Charlie Whitehead blogs on a fascinating day with the entrepreneurs of Manchester

Posted on Thursday 13 June 2019 by GovGrant

Last month I attended Connected Investing held in Manchester University’s Bright Building. The Connected Investing event series is delivered through a partnership between UKBAA (UK Business Angels Association), the trade body for early-stage investing, and Innovate UK, part of the government-funded UK Research and Innovation.

> Read more


GovGrant CEO Luke Hamm asks whether the government should be upping the pace on its artificial intelligence strategy

Posted on Tuesday 11 June 2019 by Luke Hamm | Chief Executive Officer

The government’s latest Industrial Strategy report on artificial intelligence (AI) delivers some welcome headlines, but I have a nagging feeling that progress in creating a world-class AI sector in the UK is stately, rather than speedy. The government is, after all, marking its own homework, so it’s no surprise that it accentuates the positive.

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GovGrant urges action on innovation tax credit fraud but to keep the claim process simple

Posted on Friday 7 June 2019 by Luke Hamm | Chief Executive Officer

GovGrant CEO Luke Hamm has welcomed HMRC’s (HM Revenue & Customs) decision to crack down on abuse of the R&D tax relief system. GovGrant, which is a member of the HMRC Research and Development Consultative Committee, helps businesses claim millions each year for their innovation, including patents and inventions. Luke said he hoped ministers would move quickly to protect the reputation of the tax system and force out unscrupulous agents in time for new rules on tax credit coming in April next year.

> Read more


GovGrant CEO Luke Hamm explores what lessons China’s industrial strategy can offer the UK

Posted on Friday 31 May 2019 by Luke Hamm | Chief Executive Officer

Luke Hamm is CEO of GovGrant, a specialist adviser helping companies take advantage of generous government tax incentives for innovation. You can’t keep China out of the news. Not only is it poised to overtake the USA as the world’s biggest economy (and this may be a political factor behind the current trade war with the US), but in the UK, the government is weighing up whether to allow Huawei, the Chinese telecoms giant, to build parts of the UK’s 5G network.

> Read more


Medtech and biopharma can drive the UK growth agenda and more support should be given

Posted on Friday 3 May 2019 by Luke Hamm | Chief Executive Officer

The UK’s biopharma and medtech sector is a world class sector with potential for stellar growth, according to Luke Hamm, CEO of GovGrant, which helps companies in the sector obtain commercialise their innovations, including R&D tax credits. Commenting after the publication of the government’s Office For Life Science’s (OLS) statistical survey of biotech and medtech in the UK, Luke said: “The report underlines the vital importance of this sector to the UK economy, with a quarter of a million employees, turnover of nearly £75bn and over 6,000 businesses across the four key areas.” [biopharma, biopharma service and supply, med tech core and med tech supplier businesses.]

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GovGrant appoints Bartholdi to spearhead sales and marketing

Posted on Wednesday 27 March 2019 by Ruth Hayes | Human Resources Manager

GovGrant, the innovation tax credits specialist, has appointed Dominic Bartholdi as head of sales. GovGrant, [which is based in St Albans] helps businesses take advantage of government tax credits for innovation, R&D and intellectual property such as patents. The proceeds are then ploughed back into the businesses to generate more investment in innovation. Luke Hamm said Dominic’s arrival comes on the back of a record quarterly trading performance with turnover increasing by over 30% at the end of last year.

> Read more


Red Nose Day 2019 – GovGrant steps up

Posted on Monday 25 March 2019 by Ruth Hayes | Human Resources Manager

When Red Nose Day comes around you can rely on the enthusiastic team at GovGrant to get involved – lunchtime board games, eating cake and raising money for this great cause. Since its launch in 1988, Red Nose Day has become something of a British institution. It’s the day when people across the land can get together to do something fun and raise money to support vulnerable people in the UK and internationally.

> Read more


GovGrant posts record quarterly trading and says no evidence of Brexit ‘meltdown in SME innovation’

Posted on Thursday 7 March 2019 by GovGrant

  • Strong sales uplift following significant increase in claims volumes
  • Brexit having no impact on SME investment in innovation
  • CEO calls for regulation to remove cowboy claims farmers from the sector
  • Partnerships with accounting firms a key growth opportunity

> Read more


GovGrant signs up with Insurtech UK

Posted on Wednesday 6 March 2019 by GovGrant

Innovation tax specialist GovGrant is delighted to confirm today that it has been accepted as the research and development/intellectual property partner of Insurtech UK. GovGrant joins the 40+ insurtech startups and insurance-related businesses who have joined as associate members and partners since the Insurtech UK alliance – which plans to become a formal trade association in the next few months – informally launched in November 2018.

> Read more


Honda closure must bring about government re-think for innovation, says GovGrant CEO

Posted on Tuesday 5 March 2019 by Luke Hamm | Chief Executive Officer

Honda’s decision to close its Swindon car plant by 2022 has been hijacked by the politics of Brexit. No surprise there, but the closure also blows a big hole in the government’s industrial strategy, which placed some big bets on the development and production of electric vehicles in the UK.

> Read more


GovGrant urges Chancellor not to go ‘down under’ for innovation and R&D tax policy ideas

Posted on Monday 18 February 2019 by Luke Hamm | Chief Executive Officer

Australian government proposals to restrict tax incentives for R&D and innovation have been delayed following an outcry from business and research groups. The proposals, intended to save £1.2bn capped cash refunds for research activities at $4m, introduced a new ‘intensity test’ for larger companies to favour higher, more intensive R&D investment, and significantly increased compliance and enforcement measures, according to a report in the Guardian newspaper.

> Read more


The real Sir James Dyson question: What has Singapore got that the UK hasn’t?

Posted on Wednesday 30 January 2019 by Luke Hamm | Chief Executive Officer

Sir James Dyson’s decision to move his corporate HQ from the UK to Singapore has unleashed a storm of Brexit-related comment. Sir James, one of the UK’s most successful inventors, is a prominent Brexit supporter, and he has been widely criticised as hypocritical on social media and in the MSM.

> Read more


GovGrant CEO says urgent reform of UK Patent Policy needed

Posted on Thursday 24 January 2019 by Luke Hamm | Chief Executive Officer

  • Hacker Young study identifies obtaining more AI patents as key to UK’s future growth
  • System for obtaining patents stacked against SMEs

> Read more


GovGrant calls for more R&D investment after latest EU stats rank UK at 11, well behind EU competitors

Posted on Friday 11 January 2019 by Luke Hamm | Chief Executive Officer

Commenting on the latest R&D figures from Eurostat [Estimates of Research & Development expenditure – 10 January], where the UK ranked 11th among EU member states for R&D expenditure in 2017, Luke Hamm, chief executive of innovation tax credits specialist GovGrant, said:

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Employment Law and Innovation Funding – upcoming Cambridge event

Posted on Thursday 10 January 2019 by GovGrant

Business financing – cash flow and employees are key assets in every organisation and while the full impact of Brexit on business remains to be seen, business owners should take every opportunity to reinforce these critical areas now and for the future.  GovGrant, the UK’s leading specialist in Government incentive funding schemes and Peninsula an award-winning provider of HR, Employment Law & Health & Safety support services would like to personally invite you to attend a brief but invaluable complimentary event for business owners at 9.30am on Tuesday 5th February 2019 at The Hallmark Hotel, Cambridge.

> Read more


Accountants urged to champion innovation tax credits

Posted on Tuesday 8 January 2019 by Luke Hamm | Chief Executive Officer

Preliminary GovGrant research finds a potential 50% service gap in for UK businesses. Over a third, (38%) of UK accountancy practices may not provide their clients with tax credit services for innovation and R&D, and a further 13% say there is no client demand for this service. The preliminary findings come from a survey of accounting firms by innovation tax specialist GovGrant, which helps the UK’s most innovative businesses claim tax benefits for their R&D and intellectual property.

> Read more


GovGrant featured in Envirotec Magazine

Posted on Wednesday 19 December 2018 by GovGrant

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.

> Read more


GovGrant: Patents should make money for business, not just make people feel good

Posted on Wednesday 12 December 2018 by GovGrant

Luke Hamm, chief executive of innovation tax credit specialist GovGrant, will urge business owners to monetise their intellectual property (IP) and stop treating it like a medal. In a keynote speech to delegates at the start of London IP Week (Monday 10 December), Luke, whose business helps the UK’s most innovative SMEs claim for the government’s ‘Patent Box’ scheme, will accuse policymakers of ‘woefully under-protecting IP,’ calling for bolder policies policy to ensure business and the wider knowledge economy derives full value from inventions.

> Read more


GovGrant welcomes new government initiative to help small businesses

Posted on Monday 10 December 2018 by Luke Hamm | Chief Executive Officer

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.

> Read more


GovGrant urges Herts businesses to claim credit for innovation after government announces local industrial strategy

Posted on Monday 10 December 2018 by GovGrant

GovGrant, the St Albans-based innovation and R&D tax credits specialist, has welcomed government plans to develop localised industrial strategies, including for Hertfordshire, but has urged ministers to keep their focus on supporting the strategy at a national level too.

> Read more


GovGrant hands top business award to Ultima

Posted on Friday 30 November 2018 by Luke Hamm | Chief Executive Officer

Luke Hamm, CEO of GovGrant was on hand to give the 2018 Thames Valley Business Magazine award for best use of technology and innovation to Reading-based Ultima Business Solutions Ltd.

> Read more


GovGrant CFO Steve Phillips reflects on the 2018 Budget and its impact on innovation and R&D

Posted on Friday 9 November 2018 by Steve Phillips | Chief Financial Officer

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.

> Read more


Webinar: Budget 2018: Has the chancellor delivered on tax and innovation?

Posted on Tuesday 30 October 2018 by GovGrant

Overview

Title: Budget 2018: Has the chancellor delivered on tax and innovation?

Date: Thursday, November 01, 2018

Time: 09:30 AM Greenwich Mean Time

> Read more


GovGrant: Agri-Business a Key Sector for Investment and Active Policymaking

Posted on Wednesday 24 October 2018 by Luke Hamm | Chief Executive Officer

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.

> Read more


GovGrant urges boost for productivity and innovation in the October Budget

Posted on Tuesday 23 October 2018 by Luke Hamm | Chief Executive Officer

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 by Clive Flood | Chief Operating Officer

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.

> Read more


Latest Govt stats highlight how SMEs are critical to the health of the nation.

Posted on Monday 15 October 2018 by Luke Hamm | Chief Executive Officer

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.

> Read more


Innovation statistics: the government could do better says GovGrant

Posted on Monday 1 October 2018 by Luke Hamm | Chief Executive Officer

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.

> Read more


New government tax stats boost innovative UK businesses

Posted on Thursday 27 September 2018 by GovGrant

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.

> Read more


Enhanced Capital Allowances (ECAs): understanding the HMRC scheme

Posted on Tuesday 18 September 2018 by GovGrant

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.

> Read more


Webinar: Do you recognise client innovation to maximise their tax benefits?

Posted on Friday 14 September 2018 by GovGrant

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?

> Read more


GovGrant welcomes new government initiative to help small businesses

Posted on Monday 10 September 2018 by Luke Hamm | Chief Executive Officer

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.

> Read more


The results are in; Staff survey shows GovGrant employee engagement is on the right track

Posted on Friday 7 September 2018 by Ruth Hayes | Human Resources Manager

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 5 September 2018 by Luke Hamm | Chief Executive Officer

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 4 September 2018 by Luke Hamm | Chief Executive Officer

Tell me about your background and how/why you became CEO at GovGrant?

> Read more


‘It Pays to Innovate’ workshop hosted by GovGrant

Posted on Thursday 30 August 2018 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!

> Read more


GovGrant featured in GTMA Aerospace Executive briefing

Posted on Thursday 30 August 2018 by GovGrant

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.

> Read more


Not enough insurtechs in FCA Sandbox – Insurance Times feature

Posted on Friday 24 August 2018 by Luke Hamm | Chief Executive Officer

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

> Read more


Innovation the key for better business

Posted on Wednesday 22 August 2018 by Luke Hamm | Chief Executive Officer

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


CEO featured in Insurance Times

Posted on Wednesday 22 August 2018 by Luke Hamm | Chief Executive Officer

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

> Read more


Why SMEs are not accessing R&D tax credits

Posted on Tuesday 14 August 2018 by Luke Hamm | Chief Executive Officer

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).

> Read more


GovGrant calls for UK’s innovative businesses to take up Government R&D support

Posted on Thursday 9 August 2018 by Luke Hamm | Chief Executive Officer

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.’

> Read more


Most small businesses are innovating

Posted on Wednesday 8 August 2018 by Luke Hamm | Chief Executive Officer

Results from this year’s Federation of Small Business (FSB) innovation survey make for interesting reading.

> Read more


How AI is changing all our lives – even for accountants

Posted on Tuesday 31 July 2018 by Luke Hamm | Chief Executive Officer

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.

> Read more


Steve Phillips – CFO at GovGrant – on life in the world of R&D and Innovation

Posted on Monday 30 July 2018 by Steve Phillips | Chief Financial Officer

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?

> Read more


GovGrant featured in Insurance Edge

Posted on Monday 16 July 2018 by GovGrant

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 by GovGrant

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

> Read more


Who ya gonna call?

Posted on Tuesday 3 July 2018 by Luke Hamm | Chief Executive Officer

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 by Luke Hamm | Chief Executive Officer

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’.

> Read more


Shine a light on hidden innovation

Posted on Wednesday 20 June 2018 by Luke Hamm | Chief Executive Officer

Hidden innovation needs to be brought out from the shadows and into the spotlight.

> Read more


It all adds up for new finance chief

Posted on Monday 11 June 2018 by Ruth Hayes | Human Resources Manager

Business innovation funding and tax relief specialist GovGrant has appointed a new Chief Financial Officer (CFO).

> Read more


Industry 4.0 A flashy catchphrase or the next industrial revolution?

Posted on Wednesday 16 May 2018 by Luke Hamm | Chief Executive Officer

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?

Posted on Tuesday 15 May 2018 by Luke Hamm | Chief Executive Officer

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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Lessons to be learned from TSB meltdown

Posted on Tuesday 1 May 2018 by Luke Hamm | Chief Executive Officer

“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

Posted on Thursday 26 April 2018 by Ruth Hayes | Human Resources Manager

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

Posted on Thursday 26 April 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Tuesday 24 April 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Tuesday 17 April 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Tuesday 3 April 2018 by Luke Hamm | Chief Executive Officer

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?

Posted on Tuesday 27 March 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Thursday 22 March 2018 by Luke Hamm | Chief Executive Officer

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.

Posted on Tuesday 20 March 2018 by Luke Hamm | Chief Executive Officer

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?

Posted on Tuesday 13 March 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Thursday 8 March 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Tuesday 6 March 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Tuesday 27 February 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Tuesday 20 February 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Friday 16 February 2018 by Luke Hamm | Chief Executive Officer

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?

Posted on Tuesday 6 February 2018 by Clive Flood | Chief Operating Officer

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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