--- title: Benefit from R&D Tax Credits on innovative ideas description: Make 2018 the year to modernise/develop new business projects & benefit from R&D tax Reliefs for those Innovative business ideas. image: https://blog.shorts.uk.com/hubfs/Images/Blog%20images/Shorts%20R%26D%20Tax%20credit%20service.jpg --- [![Shorts_logo_White](https://blog.shorts.uk.com/hubfs/New%20Site%202018/Shorts_logo_White.svg "Shorts_logo_White")](https://www.shorts.uk.com/) [Blogs & News](https://blog.shorts.uk.com/) > [RADIUS - R&D Tax Relief & Patent Box](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) # Benefit from R&D Tax Credits on innovative ideas Scott Burkinshaw - 17 January 2018 ###### Select topic - Please Select - [ Audit ](https://blog.shorts.uk.com/topic/audit) [ Business Taxes ](https://blog.shorts.uk.com/topic/business-taxes) [ Radius – R&D Tax Relief & Patent Box ](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) [ Corporate Finance ](https://blog.shorts.uk.com/topic/corporate-finance) [ GENUS Management Accounts ](https://blog.shorts.uk.com/topic/genus-management-accounts) [ VAT ](https://blog.shorts.uk.com/topic/vat) [ Private Client ](https://blog.shorts.uk.com/topic/private-client) [ Payroll ](https://blog.shorts.uk.com/topic/payroll) [ EOT ](https://blog.shorts.uk.com/topic/eot) [ International Taxes ](https://blog.shorts.uk.com/topic/international-taxes) ![featured image](https://blog.shorts.uk.com/hubfs/Images/Blog%20images/Shorts%20R%26D%20Tax%20credit%20service.jpg) ###### When asked about modernising or developing new projects, many business owners would say that they are too busy to think about it.  Wouldn’t it be great to break this cycle?  Well the Government thinks so. Many businesses work very hard to stand still, defending their profit margins selling the same products, produced in the same way, to the same customers.  Their time often gets taken up with internal issues caused by inefficiencies.   Innovation is vitally important to the health of the UK economy and there is significant support  available to help local companies modernise and develop new products. Innovation is seen by Government as being an important catalyst to solve the ongoing productivity crisis.  The theory is that if businesses embrace new technology, productivity will increase. Based upon much economic research, Government tax and other business policies are predicated on the principle that an economy full of innovative companies will yield higher profits and therefore tax receipts as well as higher value jobs.  I am not suggesting that every business needs to embark upon a transformation or diversification project but many could benefit from being more productive or extending their product range. We certainly see this with the businesses that we deal with at Shorts.  Many profitable clients that we envisage being sold for high values have taken the plunge and modernised or developed new products.  What assistance can businesses obtain then, if they want to innovate? - R&D tax credits and Patent Box tax relief give innovative companies significant tax savings. Our [Innovation Taxes Group](https://www.shorts.uk.com/products-services/business-taxes/innovation-taxes-group/) has helped hundreds of local companies claim many millions of pounds of tax savings. - There are various grants available for innovation projects such as internal digital/IT projects to improve business performance or other innovation projects leading to job creation.   - There are healthy local ecosystems around advanced manufacturing and the digital/tech sector that can easily be tapped into for support and collaboration. - We have great Universities in the region who can offer assistance. - The Northern Powerhouse Investment Fund has significant funds available which means that companies with bright prospects are well placed to attract investment from this source, or other funding options such as crowdfunding. The local environment is good for businesses willing to have a go.  From start-ups launching disruptive products to established businesses changing established methodologies, the opportunities are great for innovators. Our Innovation Taxes Group are on hand to answer any questions you may have regarding the tax benefits available to those with innovative business ideas.  Please [contact us to arrange your free consultation](https://info.shorts.uk.com/research-and-development-tax-relief). [![Claim your free consultation](https://no-cache.hubspot.com/cta/default/2442072/2be555ab-96dd-4835-920d-554fd09cb413.png)](https://cta-redirect.hubspot.com/cta/redirect/2442072/2be555ab-96dd-4835-920d-554fd09cb413)  Other related articles; - [R&D Tax Credits explained](https://blog.shorts.uk.com/rd-tax-credits-explained) - [Download our free R&D Tax Credit eligibility checklist](https://info.shorts.uk.com/rd_tax_credit_eligibility_checklist?hsCtaTracking=f983f442-7199-4129-a7f9-51c52123cc3c%7C2764f018-03c0-4ece-b2fb-0174e63d1f42) - [Common mistakes when claiming for R&D Tax Relief](https://blog.shorts.uk.com/common-mistakes-in-rd-tax-relief-claims)   ![Shorts R&D Tax credit service.jpg](https://blog.shorts.uk.com/hubfs/Images/Blog%20images/Shorts%20R%26D%20Tax%20credit%20service.jpg) ![author](https://blog.shorts.uk.com/hubfs/Scott%20Burkinshaw%20600x600-1.jpg) #### Scott Burkinshaw I am Head of Business Taxes at Shorts, where I lead our specialist Radius team focusing on R&D tax relief. As a Chartered Tax Adviser with over a decade of experience at national and international firms, I work with businesses and their owners to provide strategic corporate and personal tax advice. My expertise includes R&D tax relief, business disposals and acquisitions, and long-term tax planning, helping clients achieve their goals in the most efficient way. [View my articles](https://blog.shorts.uk.com/author/scott-burkinshaw) Tags: [RADIUS - R&D Tax Relief & Patent Box](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box), [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes) Share this on - - - [Questions? Get in touch with us](https://www.shorts.uk.com/contact/) ###### Tax Saving Guide 2026-27 Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid. [ Download now ](https://info.shorts.uk.com/en-gb/tax-saving-guide) ![Tax saving guide 2026-27](https://blog.shorts.uk.com/hs-fs/hubfs/Tax%20saving%20guide%202024.jpg?width=375&height=465&name=Tax%20saving%20guide%202024.jpg) ###### Related articles ##### [Autumn Statement 2023: Business Announcements](https://blog.shorts.uk.com/2023-autumn-statement-business-announcements) ##### [13 proven ways to reduce Corporation Tax – Updated for 2024/25](https://blog.shorts.uk.com/how-to-reduce-corporation-tax-15-top-tips) ##### [Spring Budget 2023 - Employment](https://blog.shorts.uk.com/spring-budget-2023-employment) ##### [Spring Budget 2023 - Business Taxes](https://blog.shorts.uk.com/spring-budget-2023-business-taxes) ###### Latest articles [A case of aggressive tax avoidance: Glasgow Rangers Football Club](https://blog.shorts.uk.com/aggressive-tax-avoidance-affect-you) [What is VAT? - Complete Guide (Updated for 2025/26)](https://blog.shorts.uk.com/what-is-vat) [Ashgate Hospice Sparkle Night Walk 2026](https://blog.shorts.uk.com/ashgate-hospice-sparkle-night-walk-2026) [Stocktaking guide for UK businesses](https://blog.shorts.uk.com/stocktaking-guide-for-uk-businesses) [Supporting the Chatsworth Cascade for future generations](https://blog.shorts.uk.com/supporting-the-chatsworth-cascade-for-future-generations) [Deal of the Year win at Insider Dealmakers Awards 2026](https://blog.shorts.uk.com/deal-of-the-year-win-at-insider-dealmakers-awards-2026) [Football shirt Wednesday: Backing England in style](https://blog.shorts.uk.com/football-shirt-wednesday-backing-england-in-style) [Understanding lifetime trusts: the basics](https://blog.shorts.uk.com/understanding-lifetime-trusts-the-basics) [Close company directors face new HMRC detail requirements in 2026](https://blog.shorts.uk.com/close-company-directors-face-new-hmrc-detail-requirements-in-2026) [Shorts advise Harris Irwin Architects on successful growth funding.](https://blog.shorts.uk.com/shorts-advise-harris-irwin-architects-on-successful-growth-funding) #### About Us Use this little footer to reinforce your message about who you are and why people love working with you. And since this is a global module, you only have to edit it once to make the changes across every page it appears on. [Learn More [fa icon="long-arrow-right"]](https://blog.shorts.uk.com/benefit-from-rd-tax-credits-innovative-ideas#) #### More Links #### Contact Us [fa icon="phone"]   [fa icon="envelope"]  [yourname@company.com](mailto:yourname@company.com) [fa icon="home"]  Cedar House, 63 Napier Street, Sheffield, South Yorkshire, S11 8HN, | 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA | (0114) 2671617 / (01246) 559955 [[fa icon="facebook-square"]Facebook](https://blog.shorts.uk.com/benefit-from-rd-tax-credits-innovative-ideas#) [[fa icon="linkedin-square"]Linkedin](https://blog.shorts.uk.com/benefit-from-rd-tax-credits-innovative-ideas#) [[fa icon="twitter-square"]Twitter](https://blog.shorts.uk.com/benefit-from-rd-tax-credits-innovative-ideas#) [[fa icon="pinterest-square"]Pinterest](https://blog.shorts.uk.com/benefit-from-rd-tax-credits-innovative-ideas#) Copyright 2026 | Designed with [fa icon="heart"] by [HubSpot](https://www.hubspot.com) [[fa icon="chevron-up"]Back to top](https://blog.shorts.uk.com/benefit-from-rd-tax-credits-innovative-ideas#) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Scott Burkinshaw", "url" : "https://blog.shorts.uk.com/author/scott-burkinshaw" }, "dateModified" : "2020-02-27T08:51:39.029Z", "datePublished" : "2018-01-17T09:00:00.000Z", "headline" : "Benefit from R&D Tax Credits on innovative ideas", "image" : [ "https://blog.shorts.uk.com/hubfs/Images/Blog%20images/Shorts%20R&D%20Tax%20credit%20service.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.shorts.uk.com/benefit-from-rd-tax-credits-innovative-ideas", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.shorts.uk.com/hubfs/2018%20Shorts%20logo%20with%20transparent%20background%20.png" }, "name" : "Shorts" } } ```