SAIC Introduces: Leyton UK

In the latest ‘SAIC Introduces’ instalment, Ben Lomas explains how innovation funding consultancy Leyton UK helps businesses fund their research and development.

Leyton is a global consulting firm and has helped over 6,000 companies benefit from valuable government tax incentives. They launched in the UK in 2009 and, since then, have helped businesses here claim over £1 billion in tax relief.

Ben explains: “We work with companies that are making exciting scientific and technological advancements, helping them claim the tax relief they deserve, which they can invest back into developing further breakthroughs. In short, we want to see businesses unlock their full potential.

A lot of government support is available, but claiming these financial incentives can be quite daunting. There have been several rule changes recently and many of these have been introduced to clamp down on fraud and error. We often hear that businesses either don’t have the time or the internal expertise to put a claim together. Many businesses also worry about compliance, and this can hold them back from claiming relief that they’re completely entitled to.

There’s so much going on in aquaculture research at the moment, like using genomics to improve sustainable food production and AI to detect gill diseases. It’s really fantastic to see. And much of this work could be eligible for relief.

R&D Tax Credits are available for projects seeking an advance in science or technology through invention, improvement or discovery. Qualifying projects can claim a tax credit on certain expenses like staff remuneration, consumables, software, data licences, cloud computing and other R&D-related spend.

And it’s not just R&D relief that’s available, we can help with all sorts of claims like Capital Allowances, Patent Box, Land Remediation Relief and Business Energy Tax Exemptions. Our team has field experience across a range of technical, scientific and engineering industries, so we’re well-placed to unlock savings from complex projects that can otherwise easily be missed. We guide our clients through the process of claiming, identifying eligible expenses, while handling all the paperwork, and ensuring full compliance with HMRC’s rules.

We also have a passion for helping businesses that share our values, using entrepreneurism and innovation to help to create a better world. That’s why we created We Sail for People and Planet. It’s an initiative that harnesses the power of sport to drive social and environmental programmes that have the potential to create a more sustainable future.

If you’d like to find out if your business is eligible for R&D Tax Credits, we’d love to help. We can give you an estimate of how much you’re entitled to and walk you through the claims process. You can get in touch by emailing me at blomas@leyton.com or calling me on my mobile here at Leyton, which is: 0740 111 6725."

If you are interested in a 'SAIC Introduces' feature for your business or organisation, get in touch with Benedikte.