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R&D Tax Credits

R&D Tax Credits

The UK Government launched the Research & Development Tax Credit scheme to encourage businesses to invest in new and innovative systems, products, and services.

Suppose a company spends money on improving their products or services. In that case, they are eligible to claim tax relief on those investment costs.

Those tax credits allow the company to grow and invest more in R&D, which enables them to claim even more tax relief.

In that respect, it can become a perpetual cycle of investment and growth.

Many business owners don’t understand what they can claim for and how to apply. They are put off claiming by the unnecessarily complicated small print and regulations.

Even written-off costs from two years ago are allowable. Additionally, many tech industries, such as film and video games, benefit from the enhanced allowance.

We can help you claim the maximum tax relief possible. Recently, we’ve worked with business such as:

  • A clothing business exploring the possibility of creating a style of suit specific to the catering industry with the potential of opening up a new market to it.
  • A furniture manufacturer developing a range specifically for dentist waiting areas.
  • A recruitment business making changes to its CRM system to speed up its business process.


Whatever industry you operate in, we can help.

Call us now and let’s see what you’re entitled to.

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Multi-Industry Success

The team at Funding Nav have worked with hundreds of customers, securing millions in relief for them. Every case is different, but the following are a few past customer examples:

Brewing

Areas of R&D

  • Bespoke Water Treatment Facility
  • Analysis of Local Environment-Water Distribution
  • PH Levels-Treatment effective & safe
  • Advanced Recipe Formulation-Distinct Flavour
  • Enhanced Knowledge for Key Staff Members
  • R&D Additional Costs 2013/2014 £89.0k
  • Client Benefit £24.4k

Private Hire

Areas of R&D

  • Auto Cab Booking System
  • Bespoke IT System
  • Back Office Integration
  • Development of Oyster Card Type Payment
  • Bespoke In Vehicle Terminal
  • R&D Additional Costs 2013/2014 £297.0k
  • Client Benefit £ 75.6k

Food Processing

Areas of R&D

  • Heat Testing
  • Molecular Reaction Testing
  • Flavour Development Time
  • Oxygen Exposure Time
  • Bespoke Picking Application
  • R&D Additional Costs 2012/2013 £157.0k
  • Client Benefit £ 38.4k

IT / Telecom

Areas of R&D

  • Development of CRM for own use
  • Development of CRM for Client use
  • Development of Unique Functionality
  • Integration of IT, Telephony & Mobile device platforms
  • R&D Additional Costs 2013/2014 £132k
  • Client Benefit £ 48k

Printing

Areas of R&D

  • The development of bespoke IT systems, or a customer relationship management system
  • Making developments to improve the colouration or adhesion of ink on materials
  • Removing toxic chemicals from products
  • Trialing or testing the quality of print, and chemical reactions which may occur on new materials
  • Trialing or testing of a new printing method or technique to meet a client’s needs, based on a specific project specification
  • The development of 3D rendering techniques
  • Typical claim in Print = £30k per annum
  • R&D related staff costs & consumables form part of claim
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Stephen Sacks

I founded Funding Nav to be the advisor that I wished I would have had access to when I was running trading companies for 30 years.

My passion is helping entrepreneurs to realise their ambitions and of course my wife, four daughters and Barry the Pug.

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Alan Turner

I have spent the bulk of my career in the technology sector working initially for a couple of large IT systems manufacturers and latterly focussing on software and services. Having exited a software consultancy business in 1999 that I co-founded, I have indulged myself in the horse racing and breeding industry and continued to look for innovative tech businesses to work with and, on occasions, invest in as an angel. These days, as a Funding Nav Partner, I am mainly focussed on helping early stage and growth businesses improve their respective cash positions. When I’m not working, I enjoy cycling and walking.

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Jyoti Chandarana

I am an IT graduate with 30 years of business consulting experience in analysing, designing and implementing customer focussed solutions. My passion is helping businesses to achieve their potential.

Away from work I enjoy boxercise, running, tennis, yoga, painting and watching box sets.

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Mike Howard

I am lucky to possess a mixed and varied career encompassing Entrepreneurial Recruitment & Telecoms, Snr. Corporate Telecoms, Business Broking, SME’s and Mergers & Acquisitions. In the UK, North America and Australia.

It is this variety of experience that enables me to relate to most Business Owners situations, whatever size, and indeed I pride myself in identifying the ‘need’ that entrepreneurs look for in realising their ambitions.

Outside of work I enjoy travel, current affairs, and Chelsea F.C. And a glass of red.

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Shaffin Jaffer

I have over 35 years experience in owning and running businesses. By training I’m an engineer and by vocation an entrepreneur.

I enjoy playing tennis, squash and bridge.

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Oliver Codrington

Oliver Codrington is a non-practising Barrister, and also a Level 4 qualified Financial Advisor (Securities and Investments). An entrepreneur at heart Oliver has been advising founders and owners for two decades and owns and operates several ventures of his own. Passionate about small businesses and the important role they play in global economies, often overlooked and taken for granted by successive governments, Oliver will do all that he can to maximise growth opportunities and margin improvement, ultimately to ensure that a profitable exit is achievable.

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Edmund Hatsu

I am a seasoned Business Development Consultant, Company Systems and Finance Expert with over Fifteen (15) years of experience in management positions including owning and running businesses.

With extensive experience in the financial sector, I am passionate about empowering entrepreneurs and supporting their growth and sustainability by finding solutions to their company systems and funding challenges.

I am genuinely fervent in helping Start-ups and existing businesses especially in Africa to explore the HUGE opportunity Africa presents because Africa is the last BIG opportunity to see stellar growth as the continent modernises, leverages technology and industrialises.

I specialise in financing strategies for corporate and commercial enterprises in Africa and my role is to connect these enterprises to funders, investors, and acquirers. I am a Nature Tourist, and I also love to spend quality time with my adorable family when I am not working.

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Zandy Von Weichardt

As the Senior Manager of Operations at Funding Nav, I work closely with the CEO to optimise daily operations. My responsibilities include: strategic planning, operational efficiency, team management, financial analysis, risk management, client and partner relations, and decision making. I play a vital role in driving the company's growth and success.

I am an internationally certified Personal Trainer & Online coach through HFPA Academy and bodybuilding is my passion.

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Amber Geldenhuys

My role in the company is research and marketing with my top priority connecting with people. Having prior experience in hospitality and teaching English abroad I am definitely people oriented.

I enjoy going to the gym, I am currently studying personal training and I like to paint in my spare time.

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Imran Ashraf

Bio: With close to two decades of experience within the financial advisory sector, I bring a rich tapestry of expertise to Funding Nav. Throughout my career, I've served as a trusted advisor, offering bespoke and holistic financial guidance to a diverse clientele, encompassing both personal and business sectors. My advisory spectrum spans from mortgage and investment advice to pension planning and protection strategies, coupled with meticulous cash flow analysis that forms the cornerstone of my practice. This breadth of experience has equipped me with a nuanced understanding of financial dynamics and a keen insight into the intricacies of client needs, paving the way for a seamless transition into the role of a Partner with Funding Nav.

What sets me apart is not just my professional acumen, but also my deep-rooted commitment to understanding the unique needs and aspirations of each client. I take a holistic approach to financial management, meticulously analysing market trends, assessing risk factors, and exploring innovative funding avenues to tailor solutions that align with my clients' goals. My passion for empowering businesses to thrive extends beyond the boardroom, reflecting my personal ethos of excellence and integrity in everything I do.

Outside of the financial realm, I'm an avid traveler who finds inspiration in exploring new cultures and cuisines. My love for adventure is complemented by my dedication to fitness and wellness, often found hitting my home gym or embarking on outdoor excursions with my family. These personal interests not only keep me grounded but also fuel my creativity and resilience in tackling complex financial challenges.

I believe in the power of forging genuine connections and leveraging diverse experiences to unlock opportunities and drive meaningful change in the businesses I serve.

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