R&D Tax Relief Advance Funding
Get access to your R&D tax relief claim up to 9 months early with Yuzu Group's advance funding service.
The Juicy Numbers
Up to 80% of R&D funded in advance
Invest in R&D with confidence
Funding can be reviewed quarterly
Grow your R&D claim size
Leapfrog your competitors
Fund > Invest > Grow > Repeat
The R&D tax credit scheme is a lucrative scheme that rewards innovative businesses by enabling a rebate or cash relief of up to 33% against qualifying expenditures. The downside to the scheme is that it can take months to reclaim, depending on where you are within your financial year. To submit a claim, your financial year must be nearly complete and your claim should ideally coincide with your end of year accounts being submitted.
This is where R&D tax relief advance funding comes in.
If your business is eligible to receive R&D tax relief, we can supercharge your claim by providing up to 80% of your current year's claim paid in advance, enabling you to access the incentive many months before it can be reclaimed from HMRC.
This gives you even more flexibility and control of your cash flow, supercharging business growth by facilitating the purchase of staff, equipment, software and many other assets.
Moreover, you'll be growing your R&D claim month-on-month, resulting in an even bigger claim at the end of the following tax year.
How does it work?
We've worked hard to simplify our funding service to make it as smooth and efficient as possible whilst ensuring that it is rigorous enough to ensure quality, low-risk funding matches. The faster and more efficiently we do our job, the quicker you can access your cash advance.
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Introductory call and pre-qualification
Our client team will ask you some questions about eligibility and your R&D undertakings to ensure you are a perfect match for R&D tax credits and our funding service.
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Verification
Once we get to know you, we undertake verification checks on your business with regards to tax relief claims and for the purposes of our lenders.
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Research & development review
Our specialist consultants review your R&D expenditure for the year-to-date, along with any narratives you can provide to substantiate the activity you are undertaking. This will help us gauge HMRC's response to your claim.
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Getting your funds
When your first financial quarter has concluded, and an R&D year-to-date investment has been verified, we can supply your advance. When it arrives, you can spend it on anything relating to your R&D plan and narrative discussed in the step above.
This means you could be receiving your advance up to 9 months early! 🎉🍋
What are R&D Tax Credits?
Learn moreR&D Advance Funding vs Business Loan
Advance R&D funding holds several key advantages when compared to a standard business loan:
- Maintain full control of the funds to spend as you wish
- Fast approvals and payment process
- No risk to personal assets
- Simple, flexible payback options
R&D tax credit eligibility
Learn moreR&D Funding FAQs
Am I eligible for R&D tax relief and Advance Funding?
Our team undertake thorough eligibility checks and research to ensure you are eligible for the R&D tax relief scheme for advance funding. It is a responsibility we take extremely seriously to ensure that both schemes are suitable for you
How quickly can I get access to the cash?
Once a loan amount has been calculated and confirmed by our specialist consultants, the cash will be sent to you within five working days so that you can benefit from the advance as soon as possible
How do you calculate the amount I can borrow?
Our dedicated team of tax credit consultants will review your R&D expenditure YTD along with any supporting technical plans or narratives you can supply us with. Once we have uncovered every penny of eligible R&D expenditure, we send you up to 80% of this value as a cash payment
What can I do with the cash?
Once the cash is in your account, you can continue and accelerate expenditure on your R&D plan. This could be on staff, materials, utility costs, software, etc. Your Yuzu Group consultant will help you understand what expenditure is eligible in the initial research stages of your funding
How do I pay it back?
Once you have spent the advance payment, we will submit your R&D tax relief claim at the end of your tax year. Once you receive your claim, you can pay back the advance from the proceeds.
Can you process my R&D tax relief claim, too?
Absolutely. The same team that worked with you to secure the advance will also submit your tax relief claim at the end of the financial year
