# ArchOver launches R&D funding bridge for UK innovators Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-04-18 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Bridge Your Funding Gap with ArchOver's Research & Development Advance Meta Description: ArchOver's Research & Development Advance helps businesses access funds while waiting for HMRC rebate. Unlock R&D investment immediately with URL: https://financedigest.com/archover-launches-rd-funding-bridge-for-uk-innovatorshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd180418-1-1736842833668-compressed.jpg) _ArchOver Research & Development Advance provides funds while businesses wait for HMRC rebate_ ArchOver, the P2P business lending platform, is now helping [businesses](https://www.financedigest.com/overcoming-challenges-in-claiming-the-employee-retention-credit.html) to bridge the funding gap that prevents them continuing to grow their business whilst waiting for their R&D tax claim to be repaid. [ArchOver’s](https://www.financedigest.com/archover-surpasses-50-million-lending-milestone.html) Research & Development Advance (RDA) service is the first provided by a P2P lender funding advances upward of £100,000.  This bridging finance enables organisations to use their pending R&D tax credit, based on two years’ successful claims, to raise funds from ArchOver’s community of lenders. “Investment in research and development is crucial not only to individual businesses, but to the wider economy as well”, said Angus Dent, CEO of ArchOver. “While the government deserves praise for unlocking cash for R&D, the long wait for reimbursement [puts this funding](https://www.financedigest.com/cash-crunch-for-british-funds-puts-regulators-under-pensions-lens.html "Cash crunch for British funds puts regulators under pensions lens") out of reach for many of the [businesses](https://www.financedigest.com/overcoming-challenges-in-claiming-the-employee-retention-credit.html) that stand to benefit most.” Only 1.67 per cent of national income is currently being spent on R&D compared to an average of over 2 per cent across the EU. [Government initiatives have been put in place to encourage further investment](https://www.financedigest.com/adnami-to-receive-six-figure-sum-of-investment-from-danish-government-in-recognition-of-its-pioneering-technology-and-strategy.html "Adnami to receive six-figure sum of investment from Danish government in recognition of its pioneering technology and strategy") in innovation in the UK. Under the current system, UK businesses can claim cash repayments of up to 33 per cent of their R&D expenditure, but it can take up to six months to [receive payment from HM Revenue](https://www.financedigest.com/cable-wood-drum-market-to-receive-overwhelming-hike-in-revenues-by-2019-2027.html "Cable Wood Drum Market to receive overwhelming hike in Revenues by 2019-2027 ") & Customs (HMRC). ArchOver now helps qualifying companies to bridge this gap, and connect them with the money they need to invest in the products and services of the future. Dent continues, [“ArchOver](https://www.financedigest.com/archover-surpasses-50-million-lending-milestone.html) is committed to unlocking access to capital while providing new [opportunities for investors](https://www.financedigest.com/thoracic-drainage-devices-market-rising-new-business-opportunities-for-investors.html "Thoracic Drainage Devices Market Rising New Business Opportunities for Investors"). With the RDA service, businesses no longer need to worry about having to wait for months to be reimbursed for R&D, which means they can start putting their [investment plans](https://www.financedigest.com/samsung-elec-breaks-ground-on-new-chip-rd-centre-plans-15-billion-investment-by-2028.html "Samsung Elec breaks ground on new chip R&D centre, plans billion investment by 2028") into action immediately. That’s great news for individual businesses, and for the UK economy generally”. ArchOver’s RDA service is a short-term loan that helps [businesses](https://www.financedigest.com/overcoming-challenges-in-claiming-the-employee-retention-credit.html) overcome the [cash flow](https://www.financedigest.com/covestro-sees-lower-2023-profit-cash-flow-as-macro-challenges-prevail.html "Covestro sees lower 2023 profit, cash flow as macro challenges prevail") problem associated with investing in R&D. Lenders that invest in RDA loans through the [ArchOver](https://www.financedigest.com/archover-surpasses-50-million-lending-milestone.html) platform will earn a solid return on their cash, with a [rate of 10%](https://www.financedigest.com/boe-flags-risk-of-recession-and-10-inflation-as-it-raises-rates-again.html "BoE flags risk of recession and 10% inflation as it raises rates again") p.a.. This service is available to companies that can demonstrate a history of successfully [claiming R&D tax](https://www.financedigest.com/lets-get-fiscal-how-to-understand-rd-tax-claim-eligibility.html "Let’s get fiscal – How to understand R&D Tax Claim Eligibility") credits from HMRC, with at least two years’ successful claims. It provides a six month advance of up to 70 per cent of the [estimated value](https://www.financedigest.com/valve-seat-inserts-market-was-estimate-to-be-valued-at-us-5-bn-in-2019-and-expected-to-grow-at-a-cagr-of-4-during-the-forecast-period-of-2019-2029.html "Valve Seat Inserts Market was estimate to be valued at ~US$ 5 Bn in 2019, and expected to grow at a CAGR of ~4% during the forecast period of 2019-2029") of an R&D claim, with a minimum loan of £250,000. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---