HLAS

The Department for Transport is working with Innovate UK, part of UK Research and Innovation, to invest £12 million in innovative feasibility studies and pre-deployment projects. This competition is part of a suite of interventions by the UK Shipping Office for Reducing Emissions (UK SHORE). UK SHORE aims to transform the UK into a global leader in the design and manufacturing of clean maritime technology. The Clean Maritime Demonstration Round 2 competition has two strands. Funding is available in strand 1 to develop feasibility studies for pre-deployment testing for innovative clean maritime technology demonstrations. Find out more about strand 1 of [...]

The Commercialising Connected and Automated Mobility competition is providing grants to help roll out commercial use self-driving vehicles across the UK from 2025, delivering convenience for consumers and making journeys safer, greener and more reliable. The competition will help bring together companies and investors so that sustainable business models be rolled out nationally and exported globally. Types of self-driving vehicles that could be deployed include delivery vans, passenger buses, shuttles, and pods, as well as vehicles that move people and luggage at airports and containers at shipping ports. Innovate UK, part of UK Research and Innovation, will work with the [...]

The Faraday Battery Challenge, part of UK Research and Innovation, and delivered by Innovate UK, is looking for projects that will deliver innovative developments in sustainable propulsion battery technologies. The competition will invest up to £25 million, subject to business case approval. This will support technologies with the potential to enter the automotive market within the next decade. The competition aims to move UK battery innovations from technological potential towards commercial capability. Additional aims are to develop and secure material and manufacturing supply chains for battery technologies in the UK. It is designed to support the research and development of [...]

An innovative app, allowing users of social media and professional networking sites, to better identify the hallmarks of fake profiles used by foreign spies and other malicious actors, and take steps to report and remove them, has been launched. In the last year, over 10,000 UK nationals from across society have been targeted on sites such as LinkedIn and Facebook. The use of fake profiles on social media and professional networking sites is occurring at scale. In the first half of last year alone, LinkedIn stopped 11.6m fake accounts at registration. The new app is part of the Centre for [...]

Innovate UK KTN publishes interactive report ‘Meeting Net Zero with the Power of Place’ on how location data can help us fight against climate change. The report, which comprises videos, case studies, as well as written commentary, explores the vast potential of geospatial data, innovation inclusive growth, collaboration, system thinking and cultural change in dealing with global challenges. Cross-sector examples include: Energy – Geospatial data has the potential to uncover suitable sites for greener energy generation such as solar, wind and wave power; the locations for such sites are predicated by earth observation data on geography, natural climates, and prevailing [...]

This is a Small Business Research Initiative (SBRI) competition funded by the UK Atomic Energy Authority (UKAEA). Organisations can apply for a share of £2 million to develop solutions to encourage innovation in the fusion industry through the use of: novel and innovative heating and cooling systems materials manufacturing and technologies To lead a project, you can: be an organisation of any size work alone or with other organisations as subcontractors Contracts will be awarded to a single legal entity only. The competition closes on Wednesday 22 June 2022 at 11am. See: Competition overview - SBRI: Fusion Industry Challenges - phase 1 [...]

HMRC is urging businesses to move to its new customs IT platform now to continue trading and is writing to businesses to support them with the changes. The letters and emails include further information about making the move to the UK’s single customs platform – the Customs Declaration Service – and sets out the steps businesses must take now to ensure they can continue trading. They also signpost to online resources to support businesses through the process. Whether you make your own declarations or use an intermediary, HMRC is urging you to act now to plan and make your move to the Customs [...]

The UK government have launched a new website to help you find the support available to you to help with the cost of living. Find out about: Supporting your income Help with your bills Help with childcare costs Housing support Help with transport costs Help finding work For further information visit: Cost of Living Support – Get government support to help with the cost of living (campaign.gov.uk)

Here is a summary of information provided by HMRC on tax reliefs available for innovative companies. Please contact us if you need more information. Patent Box The aim of the Patent Box is to provide an additional incentive for companies to retain and commercialise existing patents and to develop new innovative patented products: Corporation Tax: The Patent Box – GOV.UK Guidance CIRD200000and pages following set out the qualifying criteria CIRD275000includes a flowchart for the computation required. Research and Development Tax credits (R&D), (including Advanced Assurance)  Research and Development (R&D) tax relief (or credit) is a company tax relief that may [...]

Do you agree?  Most of our other clients do.  In this economy CASH IS KING and managing your cash flow is more important than ever. If you are concerned about the future of the economy, then take some time to reflect on where you are and what could happen in the next few months. It is now vitally important for all businesses to plan ahead for a range of scenarios. Cash flow and business planning in these uncertain times may appear difficult but there are some practical steps you can take to minimise potential disruption to your business. Review your [...]