Recently Watermill accounting held an event in conjunction with Innovate Edge UK.

The event answers the following questions:

1. Funding Criteria?

2. The main sources of funding?

3. What investors want to see?

4. What is R&D?

5. Who can claim R&D? & How much? 

along with case studies and the math behind it.

Quick Summary of the Major Questions:

1. Funding Criteria?

A company which is not at the pre-seed stage, up to 500 employees, 20% growth per annum potential backed by innovation that can disrupt the market. 

2. The main sources of funding?

Grant Funding, Equity Funding, Traditional lending and Sales. 

3. What investors want to see?

A great team which is clear on what they are doing and what problem they are solving. They know their ask and the use of funds. The investors also want to see if you are aware of your competition and know when to exit.

4. What is R&D? 

R&D or research and development is where there is scientific and technical advancement, there are uncertainties and a path to overcome the uncertainties.

5. Who can claim R&D? & How much? 

You must be a Limited Company liable for corporate tax and the R&D must be performed in the UK. You can claim the Tax Credit of 33 for every ₤ 100 spent on your R&D expenses. 

A bit about Innovate UK Edge and Watermill Accounting

Innovate UK Edge enables ambitious, innovative companies to accelerate their growth and achieve scale. They help you achieve that scale in 3 ways, by exploiting business innovation, source funding and assist in entering new markets. They have innovation growth specialists who are knowledgeable, objective and impartial, have lived business opportunities and intelligent networking abilities. The innovation growth specialists are allocated specifically to solve your business challenges.

Watermill Accounting helps entrepreneurs who would like to run a business that generates recurring revenue without sacrificing their family time but also make an impact.

We are a specialist when it comes to R&D Tax credits.

Services offered by Watermill Accounting:

1. CFO packages

2. Mentoring and Coaching for CEOs

3. Payroll and Pension Package

4. R&D Tax Credits

5. Wealth Maximiser

Click below to book your free 15 minutes consultation.