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TBAT Innovation Ltd are proud to be part of The RAPID Challenge for 2020.

Joining Founding Partner – Prodrive, TBAT are this year’s Lead Partner, offering their expertise in funding innovation through UK & EU Grant Funding and R&D Tax Relief.

Register your interest with us, if you’d like our help applying for the £175k Innovation Support Grants that Innovate UK are due to offer to ‘new customers’, in light of the COVID-19 pandemic.

Innovate UK have paused the next round of their Smart Grants ‘open’ competition. Find out more in this blog post.

A common question with a complex answer. When claiming R&D Tax Relief, your business must be performing eligible R&D activity – but what is R&D for tax purposes and what is eligible R&D activity?

Future Flight Challenge (FFC) is a 4-year, £125 million Industrial Strategy Challenge Fund (ISCF) programme; its funding is delivered by Innovate UK. Phase II of the Future Flight competition opened 11^th May 2020 and has £30 million in funding available.

Launched on 20th May 2020, the Future Fund scheme is open for applications for innovative businesses to access the £250 million of support, made available by the UK Government.

On Friday 15th May 2020, Innovate UK released full details about their Continuity Grants and Loans – the COVID-19 support for Innovate UK’s Existing Grant Recipients.

Small to Medium Enterprises (SMEs) primarily use the SME Scheme for their R&D Tax Relief claims; however, there are some occasions where a SME needs to use the RDEC (Research and Development Expenditure Credit) Scheme too.

While we’re well known for helping businesses access funding opportunities for their innovative work, for example, R&D Tax Credits and UK and EU Grant Funding; we can also assist businesses to write their applications for awards such as The Queen’s Awards for Enterprise.

Managing Director, Matt Symonds, and Director, Sam Stephens, have cleared their diaries for 1 day to book one-to-one consultations, to discuss R&D funding opportunities for your business!

On 23rd April 2020, we watched an online broadcast from Barclays which served as an update and Q&A regarding the new billion-pound initiative from the UK Government to support innovative businesses.

Ian Campbell, Executive Chair at Innovate UK, was on the broadcast and delivered some useful insights into the upcoming £750m Grants and Loans support package that will be delivered by Innovate UK.

In order to support clients during these uncertain times we have collated some of the initiatives currently available to businesses – updated 20th April 2020.