Why UK Businesses Should Tender for Innovation Funding Specialists
Claiming R&D Tax Relief or securing grant funding can unlock significant investment for innovation but only if it’s done correctly. With increased HMRC scrutiny, new merged-scheme rules, and highly competitive grant processes, choosing the right specialist has never been more important.
This practical guide explains why UK businesses should run a structured tender process when appointing innovation funding consultants, rather than relying on a general accountant or the first proposal received. It sets out how tendering helps maximise financial benefit, reduce compliance risk, and ensure your claims and applications stand up to challenge.
Inside, you’ll find:
✔ What to include in an effective ITT or RFP for R&D tax relief and grant funding support
✔ How to compare providers on compliance, methodology, delivery capability, and fees
✔ Key questions to ask prospective specialists, including red flags to watch for
✔ Guidance aligned to HMRC and DSIT expectations, including the post-April 2024 merged RDEC-style scheme
✔ Practical examples of what “good” looks like in delivery, governance, and enquiry readiness
Whether you are tendering for the first time or reassessing an existing adviser, this document will help you make an informed, defensible choice that protects your business while maximising the value of innovation incentives.