Welcome to Source Advisors specialists in all things R&D tax relief and innovation in the UK

What we do

We create value for our clients by fully recognising their R&D and maximising the value of their Intellectual Property. With a 60 strong team in the UK, Source Advisors will help you view your innovation holistically as we are able to see the whole of the R&D ecosystem. Clients and accounting partners that involve us early are able to commercialise innovation at every step.

R&D tax credits

In the UK companies are able to claim tax relief for their R&D activity. With our thorough understanding of the R&D ecosystem, our technical capability and our compliance led approach, we create value to our clients by identifying their R&D and creating a robust claim.

Intellectual Property consultancy services

We see your IP through a commercial lens – to look both inside your business and externally at your industry and competition. Our services include Patent Box which allows innovative UK businesses to benefit from a reduced Corporation Tax rate on profits related to their patented technology.

What makes Source Advisors different?

£300m+

of claim benefit delivered by Source Advisors for our UK clients

90%

of our UK clients* who made a claim in 2020 continue as a Source Advisors client today

250

specialists available globally

*The remaining 10% includes clients who no longer carry out R&D, ceased to trade, or have been acquired.

How can we help?

See our work in action with our UK client success stories

Source Advisors are easy to talk to and you’ll be surprised by how easy, and valuable the exercise will be for your business.

Roly Holt | Managing Director, R&L Holt

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Our experience with Source Advisors has been fantastic. Having previously worked with another specialist within the industry, I can honestly say that Source Advisors go above and beyond for their clients and the results speak for themselves.

Angus Elphinstone | CEO and Founder, AnyVan Ltd

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Identifying exactly what qualifies as R&D is not easy. We’d claimed ourselves twice before, but the experts almost doubled the value of what we received.

Stanley Wilson | CEO, Urban Cottage Industries

I liked the way my analyst understood our company’s activities and which ones qualified for the R&D scheme.

Paul Riley | Managing Director, Computer Controlled Solutions Ltd

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…extremely efficient and able technical analyst, who asked the relevant questions…

Sue Goodchild | Managing Director, Goodchild Marine

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Source Advisors skilled IP professionals have subsequently identified patentable elements around process developments which will ultimately enable us to broaden the scope of revenues that go into our annual Patent Box claim.

RL Hartshorn | Managing Director, HL Plastics Limited

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Being able to claim money back from the taxman for work we did to advance our internal manufacturing processes as well as the end customer experience is very welcome.

Andrea Rodney | Managing Director, Hone-All Precision Ltd

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Source Advisorsinvestigative work is impressively thorough and in depth. I would highly recommend them.

Paul Mousley | Project Manager, Quartz Technical Services Ltd

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We are so pleased with the Source Advisor service that we now introduce companies within our network.

Andrew Maley | Managing Director, Tracware Ltd

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…we were able to “relax”, knowing their Analyst’s technical knowledge gave us the best chance for successful IPO patent grant…

Clive Paul | Managing Director, TES Ltd

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My words of advice would be; you may think that only scientific or manufacturing type companies qualify for R&D tax credits but that couldn’t be further from the truth.

Martyn Jupp | CEO, Veriserv Ltd

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The information they gave us and support along the way was excellent. They are a very good partner.

Mark Barrett | Managing Director, Warden Plastics

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R&D and Patent Box tax relief is available to companies in many sectors

Technology, information and communication

Companies in this sector are focussed on telecommunications, computer programming and consultancy, as well as information service activities including data processing, hosting and related activities.

Professionals and science

When we think of R&D activity it could well be that scientific or engineering firms come to mind. This sector includes pharmaceutical and biotech activity, alongside many other businesses that have R&D at their core.

Manufacturing

Their R&D activity in Manufacturing companies stretches from product development, production line speed and resource improvement, quality control and compliance.

Construction

Increasingly construction businesses are innovating in their use of green or sustainable methods. R&D often leads to an improvement in existing construction techniques to solve site specific or environmental issues.

Agriculture, forestry & fishing

In this sector innovation can come from process improvements, production improvement and scalability and quality control. Many agricultural businesses are building new processes to reduce waste or reuse waste products in novel ways.

Finance and Insurance

Innovative businesses in this sector include financial service activities such as insurance, reinsurance and pension funding activities, and business activities to support financial services.

Can the UK win the global R&D race?

A general election is a defining moment for the nation's future policy direction. With a new government comes responsibility, our reputation on the global stage is on the line and policy choices will affect the lives of many across the next parliament.

More about our focus on key technologies

Innovate UK report

Government is certainly bold in its ambition when it comes to the UK R&D agenda. This report focuses on one deployment mechanism in particular, Innovate UK, and asks the question, how good is Innovate UK as an investor? Where it is working, how do we deploy more. And if it's not - should it change?

More about our Innovate UK report

Universities spinout report

We know that universities play a key role in transforming innovations into commercial success. Here we have identified which UK universities have the best track record of supporting new business, which are the most successful spinout companies founded at UK universities and which industry attracts the most investment.

Read our Universities Spinout report

HMRC statistics – our commentary

Each year HMRC provides information on the number of companies claiming tax relief through R&D tax credits and Patent Box. Here we detail the latest stats and what the tell us about the state of innovation in the UK today.

HMRC Statistics 2023

Innovation Nation

- The Uk SME Innovation Survey

We engage with businesses to find the best ways to reward innovation in the UK. We aim to influence policy by representing the innovative businesses we work with. As part of this ongoing dialogue, and at this critical time for SME businesses in the UK, we carried our Innovation Nation survey 2020.

More about our Innovation Nation Survey

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A focus on key technologies – how does the UK compare to other global leaders?

More about our focus on key technologies

Innovate UK report

More about our Innovate UK report

Universities spinout report

Read our Universities Spinout report

HMRC statistics – our commentary

HMRC Statistics 2023

Innovation Nation

- The Uk SME Innovation Survey

More about our Innovation Nation Survey

Find out what is going on with our latest thinking

Intellectual Property services

New financial support scheme from the UKIPO

The United Kingdom Intellectual Property Office (UKIPO) has recently launched a new financial support scheme for SMEs called IP Advance, this is a structured funding programme

Akshay Thaman | IP & Policy Lead 11 September 2024

R&D tax relief

Fraudulent behaviour in the R&D tax relief market – one sting is not enough

Anyone who is even remotely connected to R&D tax relief, or indeed tax and accounting more generally, will have now seen the excellent piece shining

Luke Hamm | UK Managing Director 30 August 2024

HMRC tax and policy

How to handle HRMC enquiries into R&D tax relief claims successfully

There has been a lot of angst in our industry about the rate at which HMRC has been opening enquiries. For Source Advisors’ clients who

Vanessa Cooper | Tax Director 15 August 2024

Welcome to Source Advisors specialists in all things R&D tax relief and innovation in the UK

What we do

R&D tax credits

Intellectual Property consultancy services

Contact us
to find out how you can make the most of your claim

What makes Source Advisors different?

£300m+

of claim benefit delivered by Source Advisors for our UK clients

90%

of our UK clients* who made a claim in 2020 continue as a Source Advisors client today

250

specialists available globally

How can we help?

See our work in action with our UK client success stories

R&D and Patent Box tax relief is available to companies in many sectors

Technology, information and communication

Professionals and science

Manufacturing

Construction

Agriculture, forestry & fishing

Finance and Insurance

Find out what is going on with our latest thinking

New financial support scheme from the UKIPO

Fraudulent behaviour in the R&D tax relief market – one sting is not enough

How to handle HRMC enquiries into R&D tax relief claims successfully

Contact us

R&D tax credits

IP consultancy services

International tax planning

For accountants

Legal

Welcome to Source Advisors specialists in all things R&D tax relief and innovation in the UK

What we do

R&D tax credits

Intellectual Property consultancy services​

Contact usto find out how you can make the most of your claim

What makes Source Advisors different?

£300m+

of claim benefit delivered by Source Advisors for our UK clients

90%

of our UK clients* who made a claim in 2020 continue as a Source Advisors client today

250

specialists available globally

How can we help?

See our work in action with our UK client success stories

R&D and Patent Box tax relief is available to companies in many sectors

Technology, information and communication

Professionals and science

Manufacturing

Construction

Agriculture, forestry & fishing

Finance and Insurance

Find out what is going on with our latest thinking

New financial support scheme from the UKIPO

Fraudulent behaviour in the R&D tax relief market – one sting is not enough

How to handle HRMC enquiries into R&D tax relief claims successfully

Welcome to our website. GovGrant is now known as Source Advisors. To find out more click here

Intellectual Property consultancy services

Contact us
to find out how you can make the most of your claim