After only one call with aisle 3’s CTO, GrantTree’s technical consultants, who have significant expertise in this field, gathered the information needed to produce the framework for the company’s technical report. 

All claims GrantTree works on are supported by a watertight technical report, which explains to HMRC why a company’s development work qualifies for R&D Tax Credits. Technical reports are not mandatory for SME R&D Tax Relief claims (though they will be for claims filed after 1 August 2023). However, in our experience, submitting a technical report greatly reduces the chances of HMRC launching an enquiry and can lead to claims being paid out much faster. “I was nervous on timings, as many in my network had seen claims extend up to six months. However, we were delighted to secure funds in less than four weeks,” says Thomas 

GrantTree’s team also collected most of the necessary financial information from the company’s accountant rather than aisle 3’s internal finance team. We then correctly apportioned the costs associated with the company’s network of external and international developers and added them accurately to its claim. 

“The government’s R&D scheme is essential to innovative businesses like aisle 3,” says Thomas, “As an AI business, we felt it important that not only was our technical breakthrough recognised and supported, but that we were making legitimate claims to further develop the business innovation.”

Collecting the necessary technical information over a single call and working with the company’s accountants saved aisle 3’s leadership considerable time, freeing them to focus on the rapid growth of their business.