UK entrepreneurs given cash boost to help drive greater clean energy independence
Energy entrepreneurs driving forward innovative ways of cutting the UK’s reliance on expensive fossil fuels have the chance to make their plans and ideas a reality, thanks to £10 million in government funding.
The ninth round of the Energy Entrepreneurs Fund (EEF), which seeks to promote new clean technologies across all sectors of the UK economy, is opening for applications as the government drives forward plans to secure greater clean energy independence in the UK.
This includes innovations to boost energy efficiency in people’s homes and develop green transport – as well as sourcing cleaner ways to generate power and heat in the UK.
Funding is expected to support between 15 and 20 projects across the country. Successful projects could create hundreds of green jobs and kickstart millions-of-pounds-worth of private sector investment across the UK.
R&D Tax Relief provides excellent incentives for UK companies to invest in innovation, but the claims process itself can be complicated and convoluted, with lengthy paperwork involved and plenty of room for error. It is therefore essential that businesses seek specialist advice to ensure that all associated risks are minimised and that all aspects of the process are taken care of, thereby maximising one’s chances of getting back all the tax benefit owed to you, through the undertaking of said innovative activities.
For further information, or to arrange a no obligation preliminary meeting on how your company could qualify under the R&D Tax Relief scheme, please contact us.