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We're thrilled to be featured in The Herald for our commitment to workplace equality and the financial benefits of R&D. Here’s a glimpse of what we’re doing:
Equal Parental Leave
At Minerva, we believe in gender equality, and that starts with equal parental leave. Our new policy gives all employees – both mothers and fathers – the opportunity to take one year and five weeks of parental leave. Adam Pearce, our founder and a father himself, says:
"What we are offering is a full, one-year parental leave for dads, which is not something the government offers [...] if dads join us, or men join us that become dads, or become dads to a second child, then they get an extra 55 weeks, in essence, which is just amazing, an extra 55 weeks with your child.”
R&D Misconception
Many believe that R&D is only about major breakthroughs, but at Minerva Innovation Group, we help businesses access R&D tax relief for small yet impactful, appreciable improvements in their respective fields of expertise. Adam explains:
"It’s not about reinventing the wheel, but improving something that already exists. [...] Something that can make a small difference, done by a small company, can also qualify for R&D."
Financial Benefits of R&D
R&D tax relief isn’t just a cost to the government; it’s an investment that leads to long-term returns. As Adam Pearce explains:
“People might initially think, if the government is giving out money, it is losing money, but there is a quite a bit of data to suggest that, if the government gives a company, say, a £50,000 cash injection, in the long term they will actually get back more than the £50,000, because the money is immediately invested into new staff or new machinery or new software licences. I think that is why Labour is so supportive of the R&D scheme, because they are not losing money in the long term... it is a positive return on investment.”
See here for the full article.
Given the niche nature of these cash credits, we are happy to speak with any company and provide more information as part of a free and non-binding consultation.
Let's talk about how Minerva can help your company innovate and grow! Contact us via info@minervainnovation.co.uk or 0141 378 4969!
©2024 by Minerva Innovation Group Ltd. Registered in Scotland. Company number: SC674231. VAT number: 388271459.
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