Compare ^{400k R&D Tax Credit Funding} Options for UK Businesses

This type provides a secured cash advance based on your ongoing R&D activities and projected tax credit. Usually, the advance focuses on a substantial part of your expected credit, with repayment once HMRC issues the final credit. Decisions are made within a few days, and funding typically occurs within 1 to 3 weeks from application. Pricing is often a discount or fee-based, with effective annual costs roughly between 10% to 30%+. It is suitable for businesses with credible R&D claims prepared by an accountant.

This product offers a structured, discount-based cash advance against your expected R&D tax credit, focusing on your claim’s strength and your management accounts. Usually, advances range from £200k to £450k depending on the estimated credit, with solutions tailored for SMEs with credible claims. The process takes approximately 1 to 3 weeks, and costs generally fall within a 12% to 30%+ annualised effective rate, influenced by factors like duration, advance percentage, and claim risk. It enables you to bridge financing gaps for activities like staffing, equipment, and testing while your claim is processed.

This facility supports businesses with ongoing R&D programs by providing sequential advances tied to multiple claim periods. Typically, each claim can secure between £100k and £500k, with the overall limit determined by underwriting and repayment capacity. The facility duration can be up to 36 months, with drawdowns aligned to each claim cycle. The cost structure often includes fees and discounts, with effective annual costs usually in the 12% to 30%+ range. It is suitable for companies with consistent R&D activities and a track record of claims, helping to smooth cash flow for continuous innovation.