Cash calculator | Breakthrough Funding

Please rotate your screen

Cash calculator

If you’ve passed the Babbage Test you probably want to work out roughly how much R&D cash you could get back from the government. It’s obvious we can’t absolutely guarantee the final amount you’ll receive, but it should give you a rough indication. Of course, all this will depend on the finer detail of the project activity, the exact costs incurred and your financial position. 

Before you get going, have the following details to hand. Give a rough amount but make sure they're directly related to your innovation project/s: 1) total salary costs 2) total material costs 3) total subcontractor costs

Loading calculator

QUESTION

Have you completed the "Do I Qualify" test to make sure you could be eligible?

Find out whether you are eligible for cash for innovation by completing our "Do I Qualify" test.

QUESTION

Have you completed one full financial year?

Sorry, but we can only submit a claim for cash once you've completed one full financial year. This doesn't mean you can’t apply later on - it just means you need to wait a bit. Give the team a ring if you would like us to set our alarm to give you a nudge when your year end is finished. 

Answer the following questions as a total amount of expenditure for your last completed financial year.

Answer the following questions as a total amount of expenditure across both of your last two completed financial years.

?

Only include staff salaries (i.e. those people on PAYE) who've been directly and actively engaged on innovation projects. Do not include dividend payments, subcontractor or consultant costs. Don't forget to add Employer's NIC. If you don't know how much these are, add 10% on top of your employees salary costs.

QUESTION

Roughly calculate the total staff salaries (PAYE) for those working on innovation projects

£
?

Of the PAYE staff working on innovation projects, roughly how much of their time was devoted to innovation work? Note this needs to be less than 90% of any employees total time across the year. As an example if you have five staff who were working on innovation projects over a year, and on average between them they spent around half of their time on this type of work, put in 50%. 

QUESTION

The rough % of overall staff time spent on innovation projects

%
?

Only include the cost of materials used for testing and to make prototypes. For example if you're building or making new products, any of the materials used to make these will count, until you get to the point where you've cracked it and then you start to make them to sell. Software and server costs are not generally allowed. 

QUESTION

Roughly calculate the costs of materials used on prototypes (exc VAT)

£
?

Only include sub-contractors who've been actively and directly engaged on innovation projects and aren't 'connected' to your company i.e. aren't one of your shareholders or directors. It doesn't matter if they're based outside the UK as long as they send you an invoice for their services and you're a UK company. For example, you might use a tooling company to make the tools for a prototype, or you employ external software developers from Eastern Europe to write specific algorithms for your programme. Both these are usually acceptable expenses.

QUESTION

Roughly calculate the total payments made to sub-contractors working on your innovation projects (exc VAT)

£
Calc mech
Cash calculator