CASH FOR INNOVATION

We’re all going to need to be more innovative. Research and Development tax relief is a significant source of cash for businesses investing in innovative projects.

Eligible projects can be as fundamental as new inventory, delivery, CRM, analysis or automated systems and as simple as processes to meet new legislative requirements for client and staff health and safety. ‘Cash for Innovation’ Tax Relief can be used to cover the cost of materials, subcontractors and part of the cost of the staff involved.

Brady Davies, Managing Director, leads the EY Breakthrough Incentives team. Her team has submitted over 1500 successful cash for innovation claims. She will show us how the scheme works, illustrated by claims made by businesses in relevant sectors.

About our host:
The EY Breakthrough Incentives team work with SMEs that are innovating within their sector to claim back R&D Tax Relief. They have filed over 1500 claims to date and have claimed back millions of pounds for small business owners. Winner of the Tolley’s Best UK Independent Tax Consultancy Firm 2019 as Breakthrough Funding; the company knows a thing or two about helping businesses gain access to this much-needed government funded tax relief. The EY Breakthrough Incentives team is a sub service line of EY’s National Incentive team which enables the ability to maintain its dedication to the SME market, whilst benefitting from the credibility and safeguarding that comes from being part of the Big Four. www.ey.com/uk