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Money for Research and Development?
Does your business want and need R & D funding?
‘It’s complicated’, ‘It takes ages for my business to access funding.’
These are some of the things we hear about the government incentives landscape for businesses conducting research and development or seeking to accelerate projects in NZ.
The research and development tax incentive (RDTI) offers a 15% tax credit on expenditure incurred to conduct eligible research and development (R&D). If your business is thinking about developing new or improved products, processes, or software, then you need to join hundreds of businesses of all sizes and industries across NZ that have claimed and received money since 2020.
The Government has recently announced that RDTI claimants will soon have the option to access an interest-free government loan as R&D is conducted, so businesses can receive support closer to when R&D costs are incurred. Claimants will be able to draw down the majority of the value of the expected R&D tax credit for a particular income year in up to 3 regular payments.
There are also new grants available to support businesses starting off on their R&D journey and a range of other non-dilutive grant opportunities that can accelerate business sustainability initiatives.
Come and hear more about how your business might be eligible for these government incentives from the experts at EY who have a combined 70+ years of dedicated grants and R&D tax incentives experience.
When: 15th March
Time: 8am to 9am
Where: Hutt Valley Chamber of Commerce, L3, 15 Daly Street, Lower Hutt
A lite breakfast will be served.