Where Can I Access Funding and Investment?
There are many routes to funding for the composites community. The below gives a brief overview with Composites UK member companies being able to access more details and offers in the members area (login required).
Find government backed support and finance for your business through this online tool including:
- Finance and loans
- Business support e.g. mentoring
- Fundng for SMEs and start-ups
Accessing government funding programmes
Composites UK works with KTN Ltd, the UK’s innovation network to bring together businesses, entrepreneurs, academics and funders to develop new products, processes and services. KTN Ltd can help you develop ideas, expertise and technologies, that have the potential to be world-beating products processes and services, a central part being the initiation and building of collaborations.
Click here to access KTN support
What is Capital Allowance?
Capital Allowances are a form of tax relief for capital expenditure incurred on commercial properties. Capital allowances are given for expenditure on capital assets as a tax allowable expense therefore reducing taxable profits and saving money.
Capital Allowances is the main form of tax relief against property expenditure and one which is often not fully utilised, requiring the input of a specialist capital allowance advisor, to identify and value the qualifying expenditure. Ultimately, Capital Allowances can provide an added cash flow advantage by reducing the amount of tax payable, which will enable property owners to facilitate capital investment in property and increase returns on the investment.
Up to 100% tax relief, often running to hundreds of thousands of pounds is available to businesses and individuals on commercial properties of all types, whether freehold or long leasehold.
Composites UK members can click here for more details and advice (login required)