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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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HMRC confirms the State Aid rules for each new Covid-19 loan scheme

Posted on Friday 29 May 2020 by GovGrant

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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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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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.”

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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


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.

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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.

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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.

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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.

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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.

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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).

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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.’

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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.

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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?

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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.

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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’.

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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.

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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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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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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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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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Getting rid of scheme would be patently wrong

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

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

Posted on Tuesday 16 January 2018 by Luke Hamm | Chief Executive Officer

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

Posted on Friday 24 November 2017 by Luke Hamm | Chief Executive Officer

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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The Business Show 2017

Posted on Thursday 2 November 2017 by GovGrant

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?

Posted on Friday 20 October 2017 by Luke Hamm | Chief Executive Officer

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

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