Financial Support

Invest NI

Invest NI can provide financial support of up to £15k to help towards the costs associated with the development of an application into Horizon 2020.

For further details of eligibility and levels of support please contact: Dr Joanne Coyle – Email: – Tel: 028 9069 8807

 

Alternatively you can also use the Invest NI Innovation Voucher scheme to help you explore opportunities for Horizon 2020 funding.

 

InterTradeIreland

InterTradeIreland can provide financial assistance for local travel or accommodation for up to £500 when meeting with partners or potential partners in the other jurisdiction with a view to engaging in Horizon 2020.

Additionally the EU travel Scheme can reimburse up to £350 to cover travel and accommodation costs incurred when attending relevant Horizon 2020 related events in Europe.

Further details of the assistance available can be obtained by contacting:

Carrie Small

Email:

Tel: 028 30834172

Web: intertradeireland.com/horizon2020

HMRC

HMRC Tax Incentives

As Horizon 2020 funding is not a notified State Aid, NI SME limited companies may also be eligible to claim R&D Tax Relief on their qualifying expenditure of:

  • 230% under the SME Scheme and/or
  • 130% under the Large Company Scheme or 11% under the Research and Development Expenditure Credit (RDEC)

The HMRC’s Patent Box also enables limited companies to apply a 10% rate of Corporation Tax to profits earned after 1 April 2013 from its qualifying patented inventions and certain other innovations.

 

For further details of eligibility and assistance please contact:

David Stewart from HMRC’s NI Corporate Tax Office

Tel: 03000 599000

Email: david.r.stewart@hmrc.gsi.gov.uk.