What is the R&D tax credit?

The R&D tax credit is a program created by HMRC to incentivise companies contributing to the economy through Research and Development.
Companies are eligible to claim back up to 33% of eligible spending, and that includes salaries, subcontractors, and R&D relevant consumables. This incentive is uncapped for salaried expenditure and for many high growth companies, it can add up to multiple hundreds of thousands or even millions of pounds.
To access the funding, a company has to have at least one completed financial year, in which the eligible spending has occurred. For HMRC to release the funding, a company has to finalise their accounts, file and R&D tax credit claim as part of their CT600 filing and process that claim, which can take from 10-20 weeks, or up to 4-8 months in the case of an enquiry.

What is an R&D tax loan?

No business or path to success and growth is the same. If you have a question, are
ready to apply or would like to learn more about Fundsquire, please contact us today.

R&D tax loan

Is my company eligible?

Eligibility isn’t complicated but does take into consideration a number of circumstances relating to your company setup and operation, however generally if you fit the following criteria you should get in contact to discuss your options.

A limited liability company
Incorporated in the UK
Performing R&D with expenditure of over £300k per year