Build Back Better: 

The Government’s Plan to ‘Level Up’

Over the past 12 months we have all heard the phrase ‘levelling up’ from the Prime Minister and other MP’s but what does it actually mean for companies?

As the country crawls out of the COVID coma and we begin to assess the damage to the economy now that the furlough scheme has ended, it is clear to see that there have been numerous casualties of this unexpected war. Far too many companies have not survived and many more are on the brink of closure – but there is light at the end of the tunnel as the government has identified innovation in the UK as a way for the country to rebuild its stagnating economy.

In Boris Johnson’s Policy Paper, ‘Build Back Better: Our Plan for Growth,’ published in March 2021, he talks about how the UK is renowned for its inventive ways and that we are classed as world leaders when it comes to innovation. Conversely, it’s also been identified that UK firms can be slow to adopt basic digital technologies, such as customer relationship and eCommerce tools that are known to enhance companies and increase productivity and this is what Boris wants to transform.

The UK government is increasing its investment in R&D from next year and hopes to boost the strength of the R&D that is currently being identified. Next year they will invest £14.6 billion in research and innovation grants and facilities. This investment will back the priorities set out in the government’s Research and Development Roadmap.

The past 18 months have been a struggle for many companies, and some have had to adapt what they sell, make or do just to survive – and this is where we come in! Whether they’ve found a sustainable new way to make PPE or changed distilling gin to distilling hand sanitiser we’re here to help them claim the benefits from HMRC to which they are entitled.

We are specialists in R&D Tax Credits and have already helped hundreds of companies recoup significant benefits and sometimes that’s meant the difference between them building back better/fighting on another day or having to close completely.

It has been a truly awful couple of years, but we are here to help businesses come out the other side. Contact us today for a no-obligation chat to see if we can uncover the money that could be hiding in your business.

It all starts with a conversation… please get in touch to find out more. 

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