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Research and Development Funding Specialists

Minerva Innovation Group is a boutique research and development funding specialist firm that prides itself in helping UK companies, predominantly small and medium-sized enterprises, produce robust R&D tax, R&D grants, and RDA claims. Our highly experienced team consists of R&D tax consultants as well as sector specialists. We have worked with a wealth of clients from a variety of backgrounds ensuring great financial benefits in a timely fashion.

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Background

What is R&D tax relief? 


In the year 2000, the UK government introduced R&D tax relief to promote innovation within the fields of science and technology. This scheme allows eligible companies to receive tax relief worth up to 33% of expenditure incurred in relation to qualifying technical activities. In most instances, profit making companies receive a tax refund or a tax reduction while loss making companies receive a cash credit straight into their bank account. 


What are R&D grants?


In contrast to R&D tax relief which is a retrospective scheme relating to expenditure incurred, R&D grants work prospectively and allow you to apply for funding relating to future technical activities. There are a number of R&D grants available. One such grant includes the Innovate UK Smart Grant which allows companies to apply for a share of up to £25 million for R&D innovation.


What is RDA? 


RDA stands for research & development allowance and allows eligible companies to reduce taxable profits by deducting the value of qualifying R&D capital expenditure. This improves upon the annual investment allowance as it includes a greater range of capital expenditure (such as R&D facilities, laboratory equipment, IT equipment, functional equipment, etc.) and is not subject to an annual limit. 

 

Why Choose Us?

Fast, free and non-binding eligibility check


Competitive fee structure


Average processing times of two weeks


Bespoke service 


Easily accessible and approachable team

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Sector Specialism

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Engineering

Architecture

Software

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Dairy Farm

Horse Racing

Veterinary Science

Farming

 
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