Streets Chartered Accountants has launched a new service to help businesses unlock innovation grants.
Streets Chartered Accountants, a leading top 40 accountancy practice, is thrilled to announce the launch of its dedicated innovation grants consultancy service. Headed by Chris Parkhurst, who brings over a decade of experience in securing game-changing funding for companies across various sectors, this new service aims to empower businesses in their innovation journeys.
Why innovation grants matter
The UK offers a wide array of grant programs to support businesses at different stages of their innovation projects. These grants can significantly boost research and development (R&D) efforts, turning cutting-edge ideas into reality. With a dynamic and ever-evolving grant landscape, staying updated on the latest opportunities is crucial. Streets Chartered Accountants is committed to ensuring clients access the most relevant and beneficial programs tailored to their innovation goals.
Comprehensive grant consultancy
Streets Innovation’s primary focus is providing comprehensive funding solutions for its clients, including R&D Tax Credits, Patent Box, and Creative Industry Tax Reliefs (such as Film Tax, Video Game, Exhibition, etc.).
With the addition of its new grant’s consultancy, it aims to become a one-stop shop for all aspects of the funding process. The consultancy focuses on UK government grants, including Innovate UK, offering funds ranging from £25,000 to £2 million for various projects. From identifying the most suitable programs to crafting compelling applications, the firm’s team are on hand to guide clients every step of the way.
Expert insight
Commenting on the launch of the service Chris Parkhurst said: “I am really excited to be launching this service with Streets. Our combined expertise will allow us to support our clients in finding the best funding opportunities and curating effective grant strategies, maximising their chances of success in competitive funding competitions.”
“We understand that every client and project is unique. Our consultants work closely with clients to develop customized strategies that enhance their chances of success,” Chris adds. “Leveraging these grants can significantly reduce R&D costs and accelerate innovation efforts.”
Leadership perspective
Daniel Jones, Tax Partner and Head of Streets Innovation, shares his vision for the new service.
“At Streets Innovation, our primary focus is providing comprehensive funding solutions for our clients. Our expertise spans R&D Tax Credits, Patent Box, Creative Industry Tax Reliefs, and now, Grants. Having Chris join our team has bolstered our offering to clients. I have seen firsthand how accessing the right funding can benefit clients’ innovation projects.”
Daniel continues: “There are many misconceptions about the eligibility of claiming R&D Tax Credits and Grants simultaneously, but they should work in unison to maximize benefits. By using these funding options together, businesses can significantly reduce their costs and accelerate their innovation efforts. We are excited to expand our services and provide even greater support to our clients. Our goal is to simplify the process and ensure businesses can fully leverage available funding opportunities. We believe that combining our expertise in various funding avenues will enable our clients to achieve remarkable growth and success.”
Beyond grants: R&D Tax Credits and more
While not a grant, R&D Tax Credits offer significant tax relief to businesses investing in research and development. Companies can reduce their Corporation Tax or receive a cash payment based on their R&D expenditure. Streets Innovation also specializes in Patent Box and Creative Industry Tax Reliefs, providing a holistic approach to funding.
Working with Streets’ specialist R&D tax team, the firm provide comprehensive advice on eligibility and the submission of R&D Tax relief claims. Combining these services with the new grant’s consultancy ensures clients receive the maximum benefit from all available funding opportunities.
Get started today
Discover how Streets Innovation can drive your R&D and Grants success. Visit the website or contact Chris Parkhurst at Chris.Parkhurst@streets.uk or Daniel Jones at Daniel.Jones@streets.uk to start your journey today.
See this piece in the August issue of East Midlands Business Link Magazine here.
