Latest business update: Government announces funding to support innovation

There has been a further release from the Government today of additional funding for businesses who undertake Research and Development claims.

If you undertake R & D (if you are unsure, please talk to us) then it may be possible for extra funding from Innovate UK, whether you have registered with them before or not. Details are relatively scarce at the moment, with more information expected in early May.

In addition, there is also going to be further investment in companies who have seen equity investment (£250k upwards) in the past five years.  For these businesses, the Government will be providing between £125,000 and £5m, via a fund launching in May with British Business Bank – but with private investors at least matching the Government’s commitment.

You can find out more details on both schemes here.

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