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Government FUNDING for Dorset’s DIGITAL Sector

Posted on: 13/09/2017

Bournemouth’s O2 Academy was the host venue for the Digital Innovation Show on Tuesday September 12th.  There were over 20 exhibitors and eight thought-leader presentations. Topics included building brand and trust in a digital world, using bots and PR to increase influence, building ROI from leads, using self-disruption to change perceptions and even using technology to improve day-to-day life and mental health.  How to protect a company of any size from cyber-attack and identity theft was another highly relevant topic.
The location fits well with the UK Tech Nation Report 2017 which hails Bournemouth & Poole as No1 for high growth digital businesses.
Rob Sowden of Business Cash Enabler was one of the exhibitors advising business owners and digital service providers of funding that is available by way of government support for innovation projects.  This can generate tax credits or cash-back for projects that involve iterative development such as writing algorithms, creating APIs, third party integration, software coding, frameworks, Big Data analytics, creating apps and more.  Rob says “Many businesses have not claimed at all for innovative digital projects because they did not imagine that their activity fits within the definitions of the Research & Development Tax Credit scheme. However, many activities that involve iterative processes that involve overcoming technical uncertainty may be eligible. It’s worth checking out as the average SME last year obtained £55k tax credit or cash-back and it is a year-on-year cash-back opportunity”.
A local business that Rob has worked with has reported a successful outcome from this scheme: “We were delighted with the outcome of our R&D tax credit claim as we received a significant cash-back for our bespoke software integration and IT support services. The ability to receive a cash injection year-on-year will certainly help fuel our growth plans” – James Stelfox, Director, Quostar Solutions Ltd, Bournemouth, Dorset.
The Digital Innovation Show will be followed closely at the heels by the Silicon Beach conference on 28th & 29th September at the Pavilion, Bournemouth.

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