R&D Tax Relief in the UK: Unlock Funding for Your Innovation

What is R&D Tax Relief?

Research and Development (R&D) Tax Relief is a UK government initiative designed to encourage businesses to invest in innovation. If your company is working on new products, services, or processes, you could be eligible for significant tax relief. This funding can cover various expenses, including staff salaries, software, materials, and even utilities used during the R&D process.

How Minerva Innovation Group Can Help

At Minerva Innovation Group, we are a certified and award-winning boutique firm specialising in helping UK companies unlock R&D funding. Our expert team works closely with small and medium-sized enterprises (SMEs) to secure R&D tax relief, maximising the value your business receives. We know that every industry faces unique challenges, which is why we tailor our services to meet the specific needs of your sector.

Why Claim R&D Tax Relief?

R&D Tax Relief offers several benefits:

• Financial Support: Offset your tax liabilities or receive cash payments.

• Boost Cash Flow: Reinvest funds into new projects or growth.

• Competitive Advantage: Continue to innovate with the financial backing you need.

By partnering with Minerva Innovation Group, you ensure that your business is maximising its claim potential with our expert knowledge and proven track record.

Who is Eligible?

Most businesses involved in research, development, and innovation may be eligible, including those in industries such as:

• Manufacturing

• Engineering

• Architecture & Construction

• Veterinary Medicine

• Equine Racing

• Food & Beverage

• Agriculture

• (For more sectors, visit our Sectors page).

If you’re unsure about eligibility, Minerva Innovation Group can guide you through the process and help determine your eligibility for R&D Tax Relief.

How to Make a Claim

Making a claim can be straightforward with the right support. At Minerva Innovation Group, we handle everything from documentation to submission, ensuring a hassle-free process. If you want to get started, simply Contact us for a consultation, or visit our Making a Claim page to learn more about the process.

Why Choose Minerva Innovation Group?

As certified and award-winning experts in R&D funding, we offer:

• Tailored Solutions: Our services are customised to meet your unique needs.

• Proven Track Record: With years of experience, we’ve helped countless businesses claim R&D tax relief.

• End-to-End Service: From initial consultation to final submission, we’re with you every step of the way.

Learn more about our certifications and awards and why our clients trust us to maximise their R&D tax relief claims.

FAQs

1. How do I know if my business qualifies for R&D tax relief? We can help you determine if your activities meet the criteria. If you think you're conducting non-routine activities, it's worth speaking to us.

2. What expenses can I claim for? You can claim for a wide range of R&D costs, including staff wages, software, and consumables. Minerva will guide you through eligible expenses.

3. How long does it take to receive R&D tax relief? Typically, it can take several months to process, but our team works quickly to ensure that your claim is submitted efficiently.