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Sources of Funding for Business Projects

Sources Of Funding For Business Projects

In previous news, we have referred to a number of options available for getting funding towards business development projects. The situation is always changing, so here is a brief update:

R&D tax credits: From 1st April, 2015, the tax relief on allowable R&D costs has increased from 225% to 230%. This means that for every £100 of qualifying costs spent you can deduct £130 from profit and thus reduce your Corporation Tax. See our initial blog post at http://www.transcendit.co.uk/blog/posts/is-your-business-getting-its-r-d-tax-credits.

£3,000 grant for high speed broadband is still available – see http://www.transcendit.co.uk/blog/posts/3-000-funding-for-high-speed-broadband-connections

With regards to NBSL Funding for projects up to £3,500, this is open for new applications until the end of July. It is anticipated that a new fund will be announced late summer/early autumn. See http://www.transcendit.co.uk/blog/posts/funding-for-north-east-business-improvement-projects.

Investment for Growth funding (http://www.transcendit.co.uk/blog/posts/40-funding-still-available) has been extended to June 2015.

There are many other grants available, depending upon the nature of your business and the type of development that you are doing. For a good guide to grants available in the North East, see http://www.nea2fguide.co.uk/funding-options/grants/.


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Transcendit understand that when you choose to work with us, whether we're taking care of your IT, app or web development, you're trusting us with part of your business. So whether we're looking after your computers, phone systems or servers we always do things 'the Transcendit way'.

The whole of our team adhere to the same values, beliefs and policies - the principles that were written when Transcendit first formed in 2000. Whether you come to us for cloud services or recovery backup you can be confident that you'll always receive the same excellent service.

The Transcendit way outlines how we do business; following the same straightforward principles with every client and customer, regardless of how big or small they may be.

That means we get to know you and your business. We offer you a friendly, professional and efficient service, and we'll always be honest with you.
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