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Our partners, SPRK Capital lend to UK businesses engaged in innovation. Working with British Business Bank and Innovate UK’s Invest Partnership programme, to support them with their R&D tax credits in advance of the payment being made by HMRC.
SPRK Capital addresses these challenges by delivering quick, transparent, and dependable financial solutions through non-dilutive funding. RCK have partnered with SPRK Capital to support SMEs as they continue to grow and innovate.
SPRK Capital, are a leading provider of non-dilutive funding for UK businesses investing in innovation. Their services seamlessly complement our R&D tax advice and claim preparation, delivering a comprehensive, end-to-end solution, for our collective clients, when claiming R&D tax relief.
For UK SMEs eligible for HMRC R&D Tax Credits, SPRK R&D Advance Funding can accelerate access to these credits up to 18 months earlier, providing essential funding exactly when it is needed. The Advance Funding can boost cash flow by drawing up to 80% of estimated tax credit against incurred expenditure, giving SMEs the opportunity to make their capital go further, gain better control and certainty over financial planning, and reinvest into R&D for future growth and innovation.
HMRC considers R&D to be being carried out if you are a limited company.