Kreston Reeves have a specialist team, who have been working with public sector organisations and finance institutions to provide a unique service of assisting with organisations looking to access grants and funding. This is often an overlooked source of funding when a business is working to achieve its plans.
Our role is to work with businesses to develop the business plan and supporting information to ensure the funding application meets the scheme’s parameters, and to advise and support through the funding application process.
Regional Growth Fund
Kreston Reeves have many years of experience advising on successful funding applications across a number of sectors. With most areas in Kent included in a scheme such as Expansion East Kent, TIGER, Esculate and Marsh’s Millions, we have been able to support businesses in getting the finance they need to achieve growth.
Securing over £10m of funding from Expansion East Kent, we have extensive experience of the scheme and are able to provide real added value to your plans.
From Grants to Interest free loans and even Equity investment, the Regional growth funds are a great initiative to enable businesses to secure vital funding.
VC Funding/Angel/Crowd Funding
Kreston Reeves have access to various institutions looking to invest in innovation. Depending upon the stage of funding, we are able to access the right partner to gain valuable funding for businesses.
Working with businesses, we can ensure your business plan and proposal is presented in a professional manner to increase your chances of obtaining funding.
Kreston Reeves are registered to accept these vouchers which have a value of up to £2,000 for businesses to spend on finance and cash flow advice. The service is free for small businesses to use and you can register at https://marketplace.enterprisenation.com
Technology Strategy Board
We have assisted Life science and technology companies to access key funds through the Technology Strategy Board. Given as matching grants, these provide excellent cashflow for research organisations to continue there development plans.
With many grant funding organisations, there is a need to provide match funding and we have the expertise to enable businesses access a range of traditional banking facilities, such as Overdraft, Loans, Invoice discounting, Letters of credit, Asset finance and Import loans to name a few
Innovation tax benefits
For SME innovation businesses, the UK is a very attractive option from a tax perspective. With two main taxes designed to promote the UK and innovation.
Research and Development (R&D)
For SME businesses that undertake innovative works, the UK government have provided an R&D tax relief scheme that allows a 225% deduction to be taken on qualifying expenditure. If you are a loss making organisation there is also a chance to surrender the losses for a cash payment at a rate of 14.5% (10% for a large company).
Where companies will benefit from income derived from qualifying patent they can apply for a 10% rate of corporation tax to all profits attributable to qualifying patents.
For more information or to meet with one of our specialists, please contact Scott Miles (Partner at Discovery Park) of Kreston Reeves on 01227 813626 or email: email@example.com