There’s a saying “you can lead a horse to water but you can’t make it drink” and when Tim meets business owners he frequently find that they have not taken advantage of the support services available to them.
Sometimes that is because they are not aware of the grants, subsidised advice and other support provided at both a national and a regional level but on other occasions they know about them but haven’t taken them up.
One that Tim find many business owners have avoided is R&D tax credits. Tim helped a number of clients get money back from the government, but there’s an initial reluctance to approach the opportunity.
Some of that is the language on the HMRC website, which can seem to require a very high threshold to be crossed but he think the biggest fear is that it is the big bad scary taxman!
Whatever your business there is support available – you don’t have to do it all alone.
Tim Luscombe has been advising business on strategy, finance acquisitions and company sales since 2002. He leads a team of business advisors (TVBA) and is a partner in a corporate finance advisory firm (KLO Partners)
Tel: 0333 444 8522