In February 2014, BGF backed Jumpstart, the Edinburgh-based company created to support UK businesses make successful HMRC Research and Development (R&D) Tax Relief claims.
The investment in Jumpstart is supporting the company’s further growth across the UK through the expansion of its in-house sales, marketing and delivery functions and a strengthening of the management team. It also bolstered the Board with the appointment of Jim Faulds as Chairman and David Evans as Non-Executive Director.
Jim brings extensive experience of working with institutionally backed businesses. He is the current Chairman of Change Recruitment and WRG Creative Communication. In his earlier career, Jim founded the Faulds Group, which became the largest marketing services group outside London. David joined the board to assist Jumpstart in forming partnerships with UK-based accountancy firms. He was the former UK Senior Partner at accountancy and business advisory firm, Mazars, and has a broad network of contacts within the UK accountancy market.
Helping companies claim R&D Tax Relief is a service perceived traditionally by the business community as one within the domain of accountancy firms. Jumpstart, however, has brought to the market a unique, tailored approached marked by the recruitment of sector-specific technical analysts with credible industry experience and post-graduate research qualifications. In its relatively short history, the business has grown its client base to over 500 companies across all regions of the UK with a current order book exceeding £10m. However, with around 10,000 SMEs and 2,500 large companies currently claiming more than £1.1bn in R&D Tax Relief each year in the UK, there is significant scope for Jumpstart to continue its growth.