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Use HMRC’s RDEC scheme to your advantage and invest back into your business sooner. Get your funds within one week instead of months.
The RDEC scheme is for larger companies who are eligible for tax credit relief on expenses related to research and development.
Any RDEC expenditures made on or after April 1st 2023 have now increased from 13% to 20%.
Applying for the wrong R&D tax credit scheme is one of the most common mistakes that occurs in this process.
We support both SMEs and larger enterprises to get the most out of their R&D tax relief by issuing funds sooner than HMRC.
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Large companies are categorised as:
Other ways to determine whether a company’s R&D claim sits under the SME or RDEC scheme include:
The rate for large companies is typically around 10-13% of qualifying R&D expenditures.
After April 1st 2024, the SME and RDEC scheme will be merged together, with a 19% notional tax rate for loss-making companies.
Apply now. It takes 5 minutes!
Apply
Fill out your online application form – this takes 5-10 minutes.
Agree
Using your information, we’ll issue a term sheet for discussion.
Finance
We’ll issue relevant legal documents, and make payment once signed.
Repay
Our loan is repaid once HMRC has processed your tax credit claim.
We pay close attention to every application that is submitted to us, and do not instantly dismiss anyone.
We are experts in the finance industry with over 60 years of experience, enabling us to successfully support large companies in maximising their cashflow with RDEC advanced funding.
“Our experience with Buzz was really good. They were responsive to our questions and transparent throughout the process, which was quite quick. If you’re a startup looking to solve a cash crunch Buzz can help.”
Eric DeGolier • Director • Body Rocket
Large companies that engage in qualifying R&D activities are eligible to claim RDEC. The RDEC is calculated as a percentage of a company’s qualifying R&D expenditure. To be eligible for RDEC, the R&D activities must meet certain criteria. Generally, eligible activities involve seeking to achieve scientific or technological advancements, but there are countless opportunities where R&D is used across non-scientific sectors that can be eligible to claim tax credit for.
Getting a loan for R&D tax credits instead of waiting for funds from HMRC is advantageous for immediate access to capital, effective cash flow management, and flexibility in funding allocation. Loans offer businesses the ability to seize opportunities, mitigate risks associated with delayed reimbursements, and maintain control over the R&D process.
We consistently monitor the market and regularly assess our financing choices to ensure the best possible rates for our customers.
At Buzz Capital we are proud to offer bespoke financing solutions that can be customized to meet your specific needs, offering a personalized option that aligns best with your business.
Looked for an advance in science & technology
Had to overcome a level of uncertainty
Tried to overcome this uncertainty through R&D
Could not be easily worked out by a professional in the field
In our experience with the RDEC scheme, we have seen companies miss out the most by underclaiming their R&D tax relief, or not claiming because they think they are not eligible. We would always encourage companies to seek advice from their accountants and R&D specialists.
Receive your R&D tax credits sooner and improve your cashflow and flexibility as a business. Opting for a loan with Buzz Capital places your R&D credit in safe hands: maximising your claim and receiving your funds sooner.
Days. Whilst several factors can influence the process; we aim to have the funds in your business account within a matter of days, subject to receiving the required supporting documentation and due diligence.
We have an introductory guide here, but please get in touch and we can discuss your qualifying R&D expenditure in more detail.
If this is the case then you need to apply under the SME scheme. More information regarding SME R&D tax relief can be found here.
Any RDEC expenditures made on or after April 1st 2023 have now increased from 13% to 20%.
RDEC is subject to corporation tax. So, it is also subject to the increased corporation tax rate, but still works out as higher relief overall.
After April 1st 2024, the SME and RDEC scheme will be merged together, with a 19% notional tax rate for loss-making companies.
Large companies can claim back 100% of the costs of any work that is directly undertaken by:
No, we do not usually require personal guarantees.
No. Any fees or interest rates will be deducted from the gross loan to leave a net day 1 advance, so that you are never out of pocket to pay costs.