Funding for Research and Innovation in Wales

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Does your business have an innovative proposal that can successfully convert research and innovation into new and improved commercial products, processes and services? EU funds of around £40million are now available for Welsh businesses to aid in the process.

Your project proposal should build on areas where Welsh businesses and research organisations have already established, or are beginning to establish, internationally significant expertise, with a strong industrial influence.

When completing your proposal, you should also focus on the delivery of key outcomes, such as increasing employment and delivering new products, and clearly add value to existing public and private sector activity.

Applications need to be submitted before 31 January 2017. Further details can be found here.

Please note that funding could affect any Research & Development (R&D) Tax Relief claims so be sure to speak to your accountant before making any decisions.

Green & Co specialise in R&D relief so if you would like to book a meeting to discuss your project, please contact us on 01633 871122.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

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