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Innovation Strategy:
Engagement & Support
an updated offering from BSM
Company Background
• BSM founded in 2012
• 4 directors
• Worked together at Birmingham City University
• R&D Tax Credits opportunity with Accountancy practice
• Tried out on ‘friendly’ companies
• Left BCU with 6 clients and gave it 6 months
• Not just R&D
• Grants etc
• Grew business to over 250 clients
• 95% R&D Tax Credits
• Student placements & Grants
Time to reassess offering…
R&D Tax Credits
• Achieving significant cash benefits to re-invest back into the
business to further enhance in-house capabilities
• Understanding that significant research and development
activities are undertaken within the business providing
competitive advantage
• Realising that there is an ongoing tax benefit
by undertaking new and innovative projects
• Knowing that a claim can be made year
after year
The R&D Landscape
Policy Changes from August 2023
• All claims to be made digitally – HMRC to more effectively risk assess
claims
• Each claim to be accompanied by additional information so HMRC can
better identify and target higher-risk claims
– Advanced Information Document (AIF)
• Requiring significantly more technical detail to support finances
• Requiring each claim to be supported by a named officer of the company
and agent associated with a claim

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Technical Information
• What was the gap in scientific, technological knowledge or capability?
• Has there or is there an appreciable improvement or step change in the
field of science or technology?
• What is the current state of baseline knowledge within the sector?
• Scientific or technological uncertainties faced by the company
• How did the project seek to overcome these uncertainties
• Names, job roles and biographies/ backgrounds of the competent
professionals involved in the project.
Outcome
Increase in scrutiny + Increase in Information required = Fewer
companies claiming
Its not a problem… its an opportunity…
• Worked hard to get clients
• Understand their ‘innovation’
• Built trust – more time to listen
– What else can be offered??
– What other innovation/ knowledge based support is required??
• Have offered grants & University support
• Re establish contacts/ networks
BSM’s Value Proposition
Innovation Strategy Support
• Research & Development (R&D) Tax Credit Claims
• Capital Allowances & RDA’s
• Asset Finance
• Grant funding streams
• ISO standards/ quality systems
• Protecting Intellectual Property (IP)
• Apprenticeships
• University Engagement & Support
• Student placements & KTP programmes
• Access to new knowledge
• Access to cutting edge tech
• Ideas for collaboration
• Networks etc
Morgan Cars
• Lean Consulting
• Funding Streams
o Direct Access to Innovate UK
§ University Engagement
• Birmingham City University - Knowledge Transfer Partnerships (KTP)
• Warwick University- Innovate UK Funded APC Programme Skills Development
• Loughborough University – Innovate Funded APC Programme Skills Development
• Wolverhampton University – Race Team Involvement
§ KEEN Programmes (Small programme assists)
• Intellectual Property Protection
o Rationalised Morgan protected portfolio via Wynne Jones
• Quality Systems Support via ISO QSL
o ISO 9000
• HEI Engagement
o Heart of Worcester College – Supporting Learners into Work
• Apprenticeships
o Moving towards collaboration with In-Comm
• Combined with R&D Tax Credits claims

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