Community Schmooze: Cash for Innovation
This month's get-together is sponsored by Breakthrough Finance who will be sharing details of the government R&D Tax initiative. The government wants to boost the technology sector and the economy in general and this is one way of supporting those that make things happen.
According to HMRC - 16,160 small businesses got an average £49,505 cash back last year. Why shouldn't you?
R&D tax relief is a big deal for small businesses (and bigger ones too through the RDEC Scheme). In fact, they're undoubtedly the single biggest funding mechanism for those investing in innovative projects. Unfortunately “R&D tax credits” or "R&D tax relief" are not only uninspiring names, they're also a really poor description of the scheme. This means thousands of small companies are missing out even though the government wants to give this cash away. So we like to describe it more simply as cash for innovators. Have a look at our infographic which shows the latest R&D tax relief statistics.
Please register to hear more and to meet other members' over an informal lunch hour.
Pizza and refreshments will be provided too so be sure to add your name to the list!