It certainly seems to be the case that we are now firmly in the early stages of an exponential growth of technology.

With an increased push towards automation and digitalisation, manufacturing firms are pursuing R&D projects and benefiting.

Wales has the fastest growing digital economy outside of London, and the growth of the financial and professional sector in Wales has led to a thriving Fintech industry.

Starting a business is not easy. Taking the plunge to set out on your own takes courage, commitment, and a reasonable amount of self-confidence.

The importance of innovation has been a constant and familiar message from policymakers and business leaders for many years. But what is innovation and what role does research and development (R&D) have in it?

Whether looking for seed funding as a startup or conducting your latest funding round to aid expansion plans, understanding how Research and Development (R&D) Tax Credits work is highly advisable.

HMRC release their latest 2018 Research and Development (R&D) Tax Credits Statistics Report; sharing data for accounting periods ending during the 2016-17 tax year. Displaying a few notable trends, we at LimestoneGrey analysed the data, assessing to what extent companies are utilising this government incentive.

How do you choose the right adviser to give your claim the greatest chance of success?

Read the factors to consider when choosing an R&D tax credit adviser.

Are you an accountant or business adviser? Offer your clients a lucrative service with LimestoneGrey’s fee sharing opportunities. LimestoneGrey are Chartered Tax Advisers dedicated solely to R&D tax credits and can help your clients access this extremely valuable funding source.