Jumpstart, R&D tax credit specialist, has been acquired by the consulting division of Visiativ Group, ABGL, leading to BGF exiting its minority investment.
Based in Edinburgh, Jumpstart offer a complete service in claiming R&D tax credits and Patent Box tax relief as an innovation funding specialist.
Traditionally viewed as a serviced offered by accountancy firms, Jumpstart are unique in the market as a funding specialist offering a tailored approach through the recruitment of sector-specific technical analysts with industry experience and post-graduate research qualifications. In the past 10 years they have achieved more than 4,300 successful R&D tax credit claims for o1,400 client.
Initially investing in 2014, BGF’s £3.4m has been used to support the companies growth with the addition of a sales and marketing function, leading to offices being opened in Birmingham and Manchester.
“The work that Jumpstart does is incredibly important in facilitating R&D investment and making the UK more competitive on an international level,” said Paddy Graham, head of Central Scotland and Northern Ireland for BGF.
“The team has achieved an impressive amount in the past couple of years in what is now a highly competitive market.”