Innovation Tag

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been identified as crucial to the transition of the economy away from fossil fuels and carbon-intensive...

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Businesses can now apply for a chance to exhibit for free at Made Smarter Innovation Alley, part of Smart Factory Expo. It is taking place during the Digital Manufacturing Week in Liverpool from 16 to 17 November 2022. Innovation Alley provides a space for innovators to showcase new and developing technologies that will change the landscape of UK manufacturing over the next five to ten years. Fully...

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There are several innovation incentives which have been launched since the start of the year, all aimed at incentivising businesses to support key government sustainability initiatives: Hydrogen BECCS Innovation Programme The Department for Business, Energy & Industrial Strategy (BEIS) has launched a new programme to help develop innovative technologies to produce hydrogen, a clean energy source, from sustainable biomass and waste. The Hydrogen BECCS Innovation Programme is funded...

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The Seafood Innovation Fund (SIF) is now accepting third call applications. The SIF programme focuses on delivering longer term, cutting-edge innovation across the seafood sector, and helping to take innovative ideas from early-stage research to commercial viability. The programme includes: primary producers onshore supply chains marine and diadromous fisheries marine and land-based aquaculture The programme excludes: freshwater fishing recreational fishing This call is open for feasibility studies only. The...

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Applications are now open for UK businesses, innovators and researchers to access funding through the EU’s Horizon Europe programme. UKRI (UK Research and Innovation) is urging businesses, innovators and researchers to apply for access to new markets, capabilities and technologies as well as billions of pounds of funding through the Horizon Europe scheme. Horizon Europe is the EU’s key funding programme for research and innovation...

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There are many preconceptions businesses have that they “don't do research & development” and therefore won’t qualify for Research & Development (R&D) Tax Relief. In this blog, Simon McCarthy within Beavis Morgan’s specialist R&D Tax Advisory team, looks at the various types of IT/software projects and activities applicable for R&D tax relief, and why so many businesses are missing out on this valuable opportunity to...

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Significant delays by HM Revenue & Customs’ (HMRC) in the processing of Research & Development (R&D) Tax Relief claims in 2019 forced many startups to raise emergency funds. According to findings published on 16 February by the Financial Times* the long delays caused serious concerns for businesses who rely on HM Government’s investment in these reliefs to support their innovation, in particular startups who rely on...

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We are delighted to announce that the first edition of our Beavis Morgan R&D Tax Relief newsletter has been published. If you have not yet subscribed to receive our newsletter, please get in touch and we will add you to our mailing list. In this and future editions, we aim to highlight pertinent developments in relation to the field of research and development tax relief and...

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Despite the fact that the vast majority of transport businesses are edible for Research & Development (R&D) Tax Relief, just a quarter are even aware it exists. According to recent findings, 79 per cent of businesses are wasting this valuable government incentive which encourages innovation by giving money back to companies who actively undertake the development of new products and business processes. The survey shows that transport...

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Research and Development Tax Relief Article featured in Fashion Rider's Fashion & Finance Report, October 2018 Tax relief may not be something that the average fashion industry business has considered, but it can be of huge benefit to any organisation that develops its own products and concepts. In this report, we examine why research and development (R&D) is encouraged under the tax system, what it can mean to...

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