Continuous Improvement Specialists Partnership Offers R&D Tax Credit Funding For SME’s
Cheshire based process transformation experts RED Jam have teamed up with innovation funding giants Leyton to offer clients access to expertise in research and development funding.
RED Jam will now be able to help clients overcome challenges and boost their innovation potential by helping them unlock the value of potentially lucrative Government incentives.
Falling under the small and medium enterprise (SME) scheme, which covers companies with fewer than 500 staff, businesses can now claim up to one third of their qualifying R&D expenditure in R&D tax credits.
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R&D tax credits are a relief designed specifically to encourage UK businesses to invest in research and innovation.
RED Jam director Andy Almey said the partnership would allow his team to roll-out their process and IT improvement services to a wide variety of new sectors.
“We are absolutely delighted to be partnering with Leyton; the opportunity to provide our process transformation services and support businesses by identifying new processes or improving on existing ones, and then working with Leyton to help businesses claim back costs on these projects is a real game changer for us.”
Leyton are the largest specialist innovation funding consultancy in the UK, working with businesses of all sizes to benefit from valuable Government innovation tax incentives and grant funding. Leyton’s specialised consultants explore their clients business activities in detail to ensure all potential qualifying costs are considered, helping deliver the maximum benefit to the businesses they work with.
Leyton’s Head of Strategic Partnerships, Mark Petty said “Leyton has been helping UK businesses claim R&D Tax Credits for over a decade across vast range of industries. We are looking forward to working with Red Jam to ensure that businesses working on technically challenging process transformation are given the opportunity to benefit from the full range of tax and grant incentives available.
Red Jam provides strategic outcomes for businesses which support their growth and development; our expertise will bolster this, providing unique technical knowledge and resources to help businesses of all sizes capitalise on valuable Government innovation incentives.”
Having recently completed a two highly successful business transformation programmes within the construction industry, Andy is keen to start replicating this in other sectors.
“By working closely with the clients and analysing their processes we were able to establish where their issues lay. We helped them to reduce unnecessary costs and improve efficiencies across the board all of which resulted in a 3% hike in gross profits which is a great result.”
“It’s really irrelevant what type of business you have”, commented Andy. “R&D covers a wide range of activity. If you are looking to improve processes or services, create new products or develop new IT solutions we can help you get the funding you deserve for your R&D investment.”
To find out if your business is eligible for R&D Tax Credits or to find out more about RED Jam’s services please visit www.redjam.co.uk
