The SME Instrument – an Alternative to Innovate UK

The SME Instrument – an Alternative to Innovate UK

This year, following the Innovate UK re-organisation, we have been advising current and prospective clients more often than before that an application to the European Commission (EC)SME Instrument mechanism is a worthwhile exercise. Although some know a little, many know nothing about this potentially lucrative source of support. What is it, how do you apply

The Foundations of R&D Tax Credit Claims: Enhancement and Surrender Rates

The Foundations of R&D Tax Credit Claims: Enhancement and Surrender Rates

R&D Tax Credits for SMEs work by “enhancing” part of the R&D expenditure. What this means is that instead of 100% (the normal amount) being deducted from the turnover to calculate the profit, a higher percentage is deducted. This means that if, for example, you had £200k of turnover, and £100k of expenditure, all of