KPMG launches innovation scale-up with Axillium partnership

12 November 2019 Consultancy.uk

As clients look to tap greater levels of government support for their research and development efforts, KPMG has forged a new partnership with research and innovation agency Axillium. The Midlands-based firm has supported nearly 200 organisations to move their innovation programmes forward and helped raise more than £210 million in government grant funding.

The UK is keen to retain its reputation as a hub of innovation, particularly with a challenging economic and social period fast approaching with the culmination of Brexit. To that end, the UK Government is similarly keen to foster creativity, with a growing emphasis on future inventions seeing the ushering in of incentives such as HMRC schemes, including Patent Box and the research and development (R&D) Tax Credits regime

KPMG’s UK wing already works with businesses and organisations across the country to help them access R&D incentives, assisting clients with bidding, accessing and managing UK government funding awards, but also identifying and forming partnerships with corporates, academia and supply chains to bring new intellectual property, products and services to market. This is something that KPMG – one of the world’s four largest advisory and auditing firms – hopes its newly agreed alliance with Axillium will help to boost.

KPMG launches innovation scale-up with Axillium partnership

Commenting on the agreement, Steven Blacker, Partner in the Claims and Incentives Group at KPMG, said, “R&D incentives are really important in encouraging and rewarding businesses to overcome challenges in their field. Our work with Axillium is all about helping more businesses access and use the funding available to drive innovation and make those advances. Ultimately, this is in line with the Government’s Industrial Strategy to raise total R&D investment to 2.4% of the UK economy over the next eight years and bolster science and technology-led growth.”

Established in 2008, Axillium guides businesses through the innovation process from early stage R&D to delivery. The Midlands-based firm is an independent research and innovation agency working with businesses, public bodies and universities to deliver R&D projects, programmes and clusters, and has supported nearly 200 organisations to move their innovation programmes forward and helped raise more than £210 million in government grant funding.

Will Searle, Director of Innovation & Investment at Axillium, remarked, “Working together with KPMG across the UK is a major step in Axillium’s evolution. Together we will be able to expand our innovation management support to organisations of all sizes as they develop industrial-scale innovation challenges across growing markets.”


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