Fin-Tech Innovation Funding Through R&D Relief – Top Business Tech

Fin-Tech Innovation Funding through R&D Relief

Innovation trends, such as Blockchain technology, has changed the Fin-Tech industry. While there is so much opportunity to innovate within this industry, the lack of funding means that lots of businesses are not able to dedicate the time and money necessary to innovate new products and solutions.

If you’ve employed professional engineers, developers or other technical specialists to develop an innovative or new solution to an existing problem and can demonstrate significant expenditure on it, then you could potentially be eligible to claim R&D Tax credit.

What are R&D Tax Credits?

The Research and Development tax credit scheme is the main source of government support in the UK for innovative companies. This source of funding helps companies to finance their innovative projects through the management of R&D tax incentives and other financial sources.

HMRC estimates that only 50% of UK companies claim R&D Tax Credits

Download the asset to learn more about R&D Tax Credit support in the UK and what kind of innovation is eligible to claim