This year has been tough for businesses across all industries. But times of hardship are a breeding ground for innovation and entrepreneurship – and that’s what we’ve seen in 2020.
From independent high street stores exploring the online market for the first time to huge brands adapting their business strategies to work in a socially distanced world, the pandemic has forced the business world to think outside the box.
Here at Purpose Media, we’ve also been diversifying our offering by expanding our digital expertise and developing streaming software that can cope with a 20,000% increase in traffic so sports fans can still watch their favourite teams from home.
This innovative mindset has led to Purpose Media securing additional funding through the Research and Development tax credit scheme with the help of industry experts, CATEX.
Hard work pays off
Managing Director, Matt Wheatcroft says “This year has seen our entire team come together to find new ways of working. Whether it be taking on new roles or developing new ideas, the whole team has done the business proud.
And thanks to the team’s innovative spirit and the help of CATEX, we’ve been able to claim back tax credits for all the graft we’ve put in this year. And I’d encourage other businesses to do the same.”
If, like us, you’ve used this year to develop your business through new products and services, you may also be able to access additional funding through R&D tax credits.
Talk to our team today for help claiming R&D tax credits for your innovations this year.