To support you in growing your business, our specialist Innovation and Technology team can deliver bespoke solutions, designed to take full advantage of the ever changing opportunities faced by innovation and technology enterprises.

Understanding you

Whether you are a start-up business or an established multinational company, our Innovation and Technology team has relevant experience in addressing the challenges and opportunities that await you in this sector.

We have invested years in nurturing a network of helpful contacts in the innovation ecostructure, so that we are able to provide rounded, strategic advice to IP-rich businesses.

Our services

In addition to the services and skills needed by all businesses, you have access to specialist skills and experience particularly relevant to Innovation and Technology businesses. Our Innovation and Technology services include:

How can Hazlewoods help?

Hazlewoods Innovation tax relief specialists have a wealth of experience in preparing R&D and Patent Box tax relief claims as well as assisting clients with the planning required to maximise those reliefs. Hazlewoods can also assist with the valuation of your intellectual property and for companies holding process patents, the notional royalty required to claim Patent Box. The team make the process quick and painless. With the benefit of our knowledge and experience, most claims that we prepare are processed efficiently by HMRC and repayments are usually made within a matter of weeks.

In the year to 30 April 2022, the Hazlewoods Innovation team identified qualifying R&D expenditure of over £53 million and helped our clients to claim R&D and Patent Box tax savings worth over £10.8 million.

Don’t miss out! Contact us today to arrange a free initial consultation to explore whether your company could benefit from making a claim.

The innovation funding landscape

A recorded discussion around UK R&D incentives post-Brexit

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Helping you achieve your goals

Our Innovation and Technology specialists take a personal and proactive approach in helping you to navigate through the complexities of this dynamic sector and to maximise your opportunities.

Unlike many advisory firms which focus on a particular practice area, our Innovation and Technology team integrates specialist accounting, tax and corporate finance professionals, as well as independent experts in grants and intellectual property commercialisation.

Our aim is to ensure that all relevant aspects are considered in the development and implementation of your business strategy.

Making a difference

We are proud to contribute to such a vibrant and varied innovation and technology sector and we are keen to support the development of future innovation and technology businesses

We regularly sponsor innovation awards, such as the Cotswold Life ‘Engineering, Manufacturing and Innovation’ Award for Best Research and Development Project and the Medilink South West Award for innovation. We are committed to helping companies reap the rewards of their new ideas and inventions.

Featured news

Innovation and Technology update: HMRC suspends payment of some R&D tax credits

Tuesday 24 May 2022

HMRC has placed certain research and development (R&D) claims on pause while it investigates some irregular claims.

Innovation and Technology update: Rewarding your company for protecting its IP - A Q&A with Director, Jemma Vaughan

Thursday 7 April 2022

Could you patent pay for itself? A Q&A with Jemma Vaughan, Innovation and Technology Director at Hazlewoods.

Innovation and Technology update: Outcome of R&D tax credits Consultation and proposed changes

Wednesday 1 December 2021

HM Treasury yesterday released details of the long-awaited outcome to the Consultation on the potential reform of the R&D tax incentives, which was launched at the Spring Budget 2021. Some reforms were trailed in the Chancellor’s Autumn Budget speech, but the document published on 30 November 2021 provides the full details and next steps.

Innovation and Technology update: R&D claims on the rise

Friday 15 October 2021

HMRC has published their annual statistics for R&D claims showing a sizeable 16% increase from the previous year.

Innovation and Technology update: Could your patent pay for itself?

Monday 13 September 2021

Applying for and retaining patents to protect a product or process that may have taken years to develop can be a costly business. But did you know that companies can benefit from a valuable tax relief known as Patent Box?

Technical update: R&D consultation 2021

Monday 17 May 2021

R&D tax incentives have been around since the year 2000, and since their introduction they have provided extremely valuable support for UK companies developing new products, processes, and capabilities. In the Budget 2021, an R&D consultation was announced. Find out more here.

Technical update: Accounting and tax webinars for Finance Directors

Friday 18 December 2020

We have put together a small series of informative webinars with some useful information which is in-depth and timely, including some of the impacts of COVID-19 on processes, so please watch and forward on to any other Finance Directors you know.

Grant Audit Facts Card

Monday 28 September 2020

Our latest grant audit facts card is now available.

R&D tax relief claims – supporting evidence

Monday 24 August 2020

A recent case has demonstrated the need to have sufficient evidence where claiming for R&D tax relief.

Innovation and Technology update: When is the right time to apply for grant funding?

Wednesday 8 July 2020

One of the benefits to no longer commuting huge distances or rushing around for the school run is the time saved that is now available for activities. This time provides an opportunity for innovative creativity and to think about business strategies that could help to grow your business.

COVID-19 support and impact on R&D claims

Friday 3 July 2020

The Government has provided a raft of measures to support businesses during the COVID-19 pandemic. Although these measures will have been welcomed by many SMEs facing cashflow difficulties in recent times, it could have a knock-on impact when looking to claim R&D tax relief further down the line.

Future fund: widening the reach

Thursday 2 July 2020

Future Fund was released by the Government as a means of providing cash to innovative UK start-ups. Early-stage, high growth businesses have been able to apply for a convertible loan of between £125,000 and £5 million to help them through the coronavirus outbreak since the scheme opened in May.

Testimonial from Jon Curtis of TBS Engineering Limited

"Hazlewoods made a complicated claim process relatively straightforward for us. After initial discussions to understand how the patented items incorporated into our products, David and Jemma liaised directly with HMRC on our behalf to ensure that all relevant income was fully captured. The services provided to us in respect of R&D and Patent Box reliefs has been invaluable."

Testimonial from Pete Hutchinson, Director of The Traffic Group Limited

"Hazlewoods have been instrumental in helping the group identify R&D and Patent Box tax relief opportunities. It is also reassuring to know that Jemma is just a call or email away to give proactive advice when we are planning to make any commercial decisions which may affect the financial position of the group."

Testimonial from Mike Cartwright, CFO at Auger Torque Europe Limited

"Hazlewoods has been a great support to Auger Torque for a number of years. They have taken the time to understand our business and the products that we sell and used this knowledge to submit successful R&D and Patent Box tax relief claims to HMRC."