Supporting UK Composites

Funding and Investment

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).

Government Funding

Find government backed support and finance for your business through this online tool including:

  • Grants
  • Finance and loans
  • Business support e.g. mentoring
  • Fundng for SMEs and start-ups

Top tips to securing funding for start ups and small businesses

Can the government help fund your manufacturing business?

Could you be claiming R&D tax relief?

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

Composites UK members receive regular bulletins with details of open funding calls. if you are a member and don't receive them click here. To find out how to become a member click here

Capital Allowance

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)

Smart Business Funding from URICA

Get paid on the day you want with no risk and no debt

This is suitable for businesses that:

  • Are looking to expand into new markets
  • Want to work with bigger clients
  • Want to better manage their cashflow
  • Want to be able to offer longer credit terms to customers
  • Want to pay suppliers promptly and yet have extended credit
  • Want to strengthen their working capital position

Composites UK members can click here for more details and advice (login required)

 

 

 

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