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At Novus Capital we provide a full-service funding approach.

Whatever your funding needs, we can help.

SERVICES

Grants

A grant is a competition where businesses apply for money to invest in an innovative project. 

 

Public grants are often match-funded, meaning that the awardee receives a portion of the grant and needs to fund the remaining amount. They’re designed to accelerate the development of groundbreaking ideas to help you bring innovative products, services, or technologies to market.

 

Typical grants range from £25,000 up to £2 million. It’s crucial to review a grant's criteria to understand the potential funding available to your business.

MEET THE TEAM

Your Specialist Grants Team

Our team has been designed with you in mind, tailormade to provide what you need to grow. Novus is home to a unique mix of former HMRC professionals, industry-trained technical specialists and BigFour Alumni, all handpicked for their experience and expertise.​

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Jenson Brook

MANAGING DIRECTOR
Jenson is a serial entrepreneur and former PwC and Deloitte alumnus. Over his career, he has raised £25m+ for UK businesses through government, debt, and equity funding, while leading two boutique tax consultancies during his seven years in London. Now, as Managing Director of Novus Capital and Founder of Britain’s Got Startups, Jenson drives our strategic direction.

The Grants Process

A conversation is the easiest way to understand the benefits available to your business.

Discovery

To start, we would arrange a grant workshop with your technical leads. Our templates would be provided, breaking down the information we require for the grant so we can begin collecting the information for the application.

Workshop Sign-Off

We would draft a comprehensive report of our meeting and require your sign-off before drafting the grant application. This helps to save you time once we begin writing your application ready for submission. 

Application

Our grants team will begin drafting the application at this point. We aim to draft the initial grant application within 2 weeks of the grant workshop. We'll expect you to review, make amendments and/or answer any questions we may have about the draft application.

Grant Calculations

We would then understand what resources you would require to complete the grant project and calculate the grant amount.

Review & Submission

Once we are both happy with the application, we will look to submit the application. We aim to complete your grant application within 4-8 weeks. On average, we require 6-10 hours of your team's time during the grant preparation.

Why Us?

We are your reputable funding partner.

Members of the r&d Community

An organisation keeping R&D tax specialists accountable for continuing professional development and our work standard.

Ex-HMRC Inspectors

Industry professionals, including ex-HMRC inspectors, have helped design our R&D tax processes and will assist and advise on R&D tax enquiries and if necessary, Alternative Dispute Resolution with HMRC.

Success Guaranteed

We’ve assisted clients with claiming over £50 million in R&D tax benefits collectively and have never had a legitimate claim rejected.

Going the Extra Mile

We collect more detail compared to most advisors, which allows us to fully defend your claims if they were to be enquired into by HMRC.

Grants FAQs

If you have any unanswered questions, please don't hesitate to get in touch with our team!

  • Research and Development (R&D) tax relief supports companies that work on innovative projects in science and technology.
     

    Companies can make an R&D tax claim that provides tax relief against their corporation tax liability or if they are loss-making, they may receive a cash credit.

  • The work that qualifies for R&D tax relief must be part of a specific project seeking to make an advance in science or technology. In addition to the advance, the project needs to seek advance through the resolution of scientific or technological uncertainty. 

    It should be noted that you cannot claim an advance in the arts, humanities, or social sciences (including economics).

  • You need to be a limited company in the UK and have a ‘liability to UK corporation tax’.  You need to be carrying on a trade and have revenue expenditure in order to make an R&D claim. You also need to have a project that seeks to make an advance in science or technology through the resolution of scientific uncertainty.

  • Yes, some companies are now required to submit a Claim Notification Form (CNF), usually if you have not claimed R&D tax reliefs in the previous three years. You can read more about how to tell HMRC that you’re planning to claim Research and Development (R&D) tax relief by making a claim notification here or speak to the team at Novus Capital for more advice.

  • You need to prepare the claim which is where Novus Capital assists. Within the claim, you need to explain how each of your projects have looked for an advance in the field, encountered and overcame (or at least tried to overcome) scientific or technological uncertainty and could not be easily worked out by a professional in the field.

  • It’s important to understand the boundaries of R&D for Tax purposes, not R&D – this is where we can help you.

  • There have been many changes to the R&D regimes in recent years so the available rates of R&D tax relief will be dependent on:

    • The accounting period you are claiming for

    • If the business is an SME or large company 

    • If the business is profit-making, loss-making or break even.  

    In addition, the level of R&D activity or ‘intensity’ may also impact the available rates. A discussion with the Novus Capital team will help you better understand what may be available to your business.

  • There is always a chance that your R&D tax claim could be selected for an HMRC enquiry. However, preparing a comprehensive R&D report and ensuring that all claim details are accurate and complete helps demonstrate your company's compliance with HMRC submission requirements, reducing the likelihood of issues arising during an enquiry.

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