Supporting Innovation: Preferential R&D Tax Relief Support for Bionow Members

An introduction to LimestoneGrey

LimestoneGrey is a regulated firm of tax professionals specialising exclusively in R&D tax relief. The team has extensive experience in helping founders and finance teams navigate the relief whilst educating stakeholders on the key principles and helping them embed practical, year-round strategies that make claims smoother and stronger.

Led by Matthew Jones (CTA, ACA), Founder and Director, he brings over a decade of specialist R&D tax experience. Matthew combines deep technical knowledge with hands-on, sector-aware advice to help companies maximise the benefit of the relief while staying fully compliant with HMRC’s evolving guidance.

Why R&D Tax Relief Remains a Vital Source of Support for Innovative Businesses

If your company is pushing genuine scientific or technological advances, R&D tax relief remains one of the most valuable sources of non-dilutive funding available. It can:

• Bridge gaps between grant cycles and investment rounds
• Maintain R&D momentum without giving away equity
• Reduce pressure on founders and internal teams when managed proactively

Working with an adviser who is a good fit for your business, and who understands both the technical and practical aspects of R&D tax legislation, can make a significant difference to the quality and defensibility of your claim. Ongoing support throughout the year, rather than a retrospective, year-end approach, enables better documentation, stronger governance and continuous improvement of internal processes. At LimestoneGrey, we work closely with companies at every stage of their R&D journey to embed proportionate evidence-gathering and reporting frameworks that not only ensure compliance but also enhance the overall robustness of their innovation activities.

Preferential R&D Tax Relief Support for BioNow Members

As part of our partnership with BioNow, member companies can access a 25% reduction on LimestoneGrey’s standard R&D tax credit preparation fee, available for the full duration of their BioNow membership. This preferential rate covers our comprehensive R&D tax relief service, including eligibility assessment, detailed report writing, preparation of the Additional Information Form (AIF), calculation of qualifying expenditure and submission to HMRC.

Beyond the claim itself, our team supports clients in establishing effective activity and expenditure tracking processes, helping to embed practical strategies that strengthen compliance and streamline future claims. Throughout the process, the team provides clear guidance and educates internal stakeholders on R&D principles.

Whether you’re new to the relief or would like a second opinion on your approach, we offer a complimentary consultation. Please feel free to email lisa.james@limestonegrey.com