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Innovation funding in digital and technologies

Digital and technologies are centre stage globally. 

Not least in the UK, where its frontier industries – AI, cybersecurity, quantum, semiconductors, engineering biology and advanced connectivity technologies – form a core part of the UK government’s growth agenda. It’s aim: to make the UK one of the top three places in the world to create, invest in and scale-up a fast-growing technology business by 2035. 

If you’re a fast-growing digital or technology business looking to scale-up, it’s the perfect time to partner with the UK’s leading tax reliefs and innovation incentives specialist. We can ensure that you’re receiving maximum value for your investment through R&D tax relief, grants, patent box and capital allowances.

Opportunities for innovation

From biometric authentication tools to quantum computers and sensors; cybersecurity to data structures; the rapid evolution of digital and technologies means that innovation can be found in an array of projects. Examples include: 

How ForrestBrown can help

Our multi-disciplinary team of chartered tax advisers, accountants and industry-experienced science and technology specialists bring unmatched expertise to help you realise the true value of your innovation. 

With a team of digital and technology specialists drawn from across the sector, ForrestBrown can offer unparalleled insight into your R&D. Our expertise includes cloud technology, quantum technologies, games programming, big data, AI, databases and IoT. 

R&D tax relief for digital and technology

Our multi-disciplinary team will help to qualify your R&D, quantify your claim and provide seamless end-to-end processing via our secure systems. Our industry-experienced technical experts help to bridge the gap between your experts and HMRC, ensuring that your projects are translated into accessible language. 

We can also partner with you on a consultancy basis to ensure that your R&D claims are being proactively managed, in addition to reviewing your most recent R&D claim. This helps to protect you against risk, while also optimising the value of your claim. 

If you are an accountant, we can also work with you to support your clients, particularly where specialist advice is needed on areas such as overseas and contracted-out R&D. Recent changes to these rules mean that specialist support is more vital than ever. 

For dedicated accountant insights, sign up to our newsletter, R&D Bites.

  

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The value of R&D tax relief in digital and technologies

At ForrestBrown, we support a huge range of digital and technology businesses, from scaling SMEs to large multinationals. If your business is considering claiming R&D tax relief, our expert team can assess your eligibility and produce end-to-end support.  

If you have claimed previously, we can review your last claim on a confidential basis and assess whether your current approach to claiming is delivering the right outcome. We can also assess your eligibility for other innovation incentives, ensuring you have a holistic funding strategy that is aligned to your business’s needs.

Grants in digital and technologies

ForrestBrown is expert in securing grant funding and can advise on all aspects of the grant funding process. Current opportunities include Scaling Supply Chains for Quantum Enabled Sensing and PNT as well as Sovereign AI – a new fund aimed at scaling AI capabilities in Britain. 

Find out more about our grant advisory service or see the latest opportunities in our grant finder. 

Our grant team can assess your eligibility, prepare and submit the application and undertake all related due diligence. We can also review applications prepared elsewhere, as well as providing additional capacity for in-house teams working to tight deadlines. 

You can stay up to date with relevant grant opportunities by signing up to our newsletter, GrantScan. 

Patent Box

New products or processes are often patented to protect the value of the IP. If you have a patent in digital and technology, why not review your eligibility for Patent Box relief? This valuable relief on patented products or processes reduces the Corporation Tax (CT) rate on qualifying IP income to 10%. 

Our trusted team can support you with your claim and resolve any queries on eligibility and process. 

Read our Patent Box for Software Mythbuster. 

Capital allowances

Scaling up manufacturing capacity invariably requires investment in new plant and equipment. This may qualify for capital allowances relief, bringing significant cash flow benefits to your business.

Our capital allowances team, led by Peter Reynolds, can help review your eligibility for the relief, as well as preparing the claim and submitting it for review. We can either work directly with you to amend your Corporation Tax return (CT600) or work with your accountant to do so.

Location strategy for digital and technologies

Finding a new location will involve weighing up factors including digital infrastructure, transport connectivity, supply of labour and availability of location incentives.  

Our trusted team is experienced in negotiating with local and regional authorities to secure location incentives. So, whether you’re seeking a new location for a European data centre or lab for testing quantum metrology, we can support your location search

Examples of digital and technology firms advised by ForrestBrown

Deep tech and advanced computing company

This company develops advanced quantum computing solutions with integrated hardware/software systems. The R&D undertaken covers many aspects of the quantum computing ecosystem, ranging from the development of the physical hardware and componentry required to generate and control qubits, to development of dedicated software able to perform operations with the generated qubits. This work pushes forward the state of the art across all fields of quantum computing, and is beginning to demonstrate real-world applications of quantum computers.

Benefit: £260k

IoT & connected technology company

A technology business developing connected devices and data-driven platforms that integrate hardware and software systems. R&D activity includes building real-time monitoring and data processing capabilities, as well as addressing challenges related to scalability, connectivity and system reliability across distributed environments. Its work focuses on developing new approaches to managing data flows between physical devices and digital platforms. 

Benefit: £85k

Cloud infrastructure & managed services provider

This cloud and managed services provider delivers infrastructure, hosting and IT transformation solutions. Its R&D centres on migrating legacy on-the-premises systems into containerised and cloud-native environments, alongside developing automated deployment pipelines and scalable infrastructure. Its projects involve resolving compatibility challenges between legacy and modern systems and designing resilient architectures capable of supporting increasingly complex operational demands.

Benefit: £435k

Speak to our expert team today

We’re passionate about helping businesses in the digital and technologies sector access funding. Whether you’re interested in discussing your eligibility for R&D tax relief or progressing an application for grant funding, we’d love to hear from you.

We’re passionate about helping businesses in the digital and technologies sector access funding. Whether you’re interested in discussing your eligibility for R&D tax relief or progressing an application for grant funding, we’d love to hear from you.