Bristol Business Grants and Tax Reliefs - How Your Limited Company Can Benefit

 

Bristol is one of the UK’s fastest-growing business hubs, with a thriving economy across sectors like technology, creative industries, engineering, and professional services. However, many Bristol-based limited companies miss out on valuable grants, tax reliefs, and government funding simply because they don’t know where to look or how to apply.

At EasyAccounts and Tax LTD, we specialise in helping Bristol businesses access financial support to reduce costs, boost cash flow, and accelerate growth. This comprehensive guide covers:

✅ Latest Bristol business grants (2024-2025)
✅ Key tax reliefs for limited companies
✅ Step-by-step application processes
✅ How accountants can maximise your claims

Whether you’re a start-up, SME, or scaling business, this guide will help you secure funding and cut tax bills legally.

1. Corporation Tax for Limited Companies

All UK limited companies must pay Corporation Tax on their profits. Here’s what you need to know:

Key Points:

  • Current Rate (2024/25): 19% (for profits up to £50,000) / 25% (for profits over £250,000)

  • Deadline: 9 months and 1 day after your accounting period ends

  • Filing Requirement: CT600 form must be submitted to HMRC

💡 Tip for Bristol Businesses: Keep accurate records of income & expenses to minimise tax liability.

Why Bristol Businesses Should Apply for Grants & Tax Reliefs

Financial Support for Growth

  • Grants provide non-repayable cash injections to fund expansion, hiring, and innovation.
  • Tax reliefs reduce corporation tax bills, improving profitability.

Encourages Innovation & Sustainability

  • R&D Tax Credits reward businesses developing new products or processes.
  • Green Business Grants help companies adopt eco-friendly practices.

Competitive Advantage

  • Businesses using grants & reliefs grow faster than competitors.
  • Helps attract investors by demonstrating financial efficiency.

Local Economic Boost

    • Bristol City Council & West of England Combined Authority actively fund local businesses to stimulate job creation.

Top Business Grants for Bristol Limited Companies (2024-2025)

Bristol City Council Business Grants

The Bristol City Council offers several funding schemes:

Business Growth Grant

  • Funding: Up to £10,000
  • Eligibility: SMEs with a solid growth plan
  • Use Case: Hiring staff, purchasing equipment, marketing

Green Business Grant

  • Funding: Up to £5,000
  • Eligibility: Businesses reducing carbon footprint
  • Use Case: Energy-efficient equipment, solar panels

Innovation Grant

  • Funding: Up to £15,000
  • Eligibility: Tech & R&D-focused businesses
  • Use Case: Prototype development, software innovation

How to Apply: Visit *Bristol City Council Business Support

Tax Reliefs for Bristol Limited Companies

Research & Development (R&D) Tax Credits

  • Potential Savings:Up to 33% of R&D costs
  • Who Qualifies?
    • Developing new products/software
    • Improving manufacturing processes
    • Even failed projects qualify!

Example: A Bristol tech firm spending £100,000 on R&D could claim £33,000 back.

Annual Investment Allowance (AIA)

  • Claim up to £1 millionon qualifying equipment (machinery, vehicles, tech).
  • Reduces taxable profits

Employment Allowance

  • Save up to £5,000on employer National Insurance contributions.

Creative Industry Tax Reliefs: Bristol’s booming film, TV, and gaming sector can claim:

  • Video Game Tax Relief (VGTR)– Up to 20% of production costs
  • Film Tax Relief (FTR)– Up to 25%

Business Rates Relief (Bristol-Specific)

    • Small Business Rate Relief (SBRR)– 100% discount if property value < £12,000
    • Retail, Hospitality & Leisure Relief– 75% discount until 2025

How to Apply for Grants & Tax Reliefs (Step-by-Step)

Step 1: Check Eligibility

  • Review criteria on Bristol City Council, WECA, or UK Gov websites.

Step 2: Prepare Documentation

  • Business plan
  • Financial forecasts
  • Proof of innovation (for R&D claims)

Step 3: Submit Application

  • Follow guidelines carefully (many applications fail due to errors).

Step 4: Seek Accountant Support

How Easy Accounts and Tax LTD Can Help

At Easy Accounts and Tax LTD, we can:

✅ Identify all eligible grants/reliefs
✅ Maximise claim amounts
✅ Handle HMRC compliance

Why Choose EasyAccounts and Tax?

📍 Local Expertise Matters

  • We understand Bristol-specific business grants and regional tax incentives

  • Face-to-face meetings available at our Bristol office (BS16 1EJ)

  • Fast response times – no call centres or outsourced teams

📊 Maximised Claims – We ensure you don’t miss out on savings.

📌 Serving Bristol, Bath and Wiltshire area

📍 Our Bristol Office:
EasyAccounts and Tax LTD
Argentum, 510 Bristol Business Park,
Coldharbour Lane, Bristol, BS16 1EJ

Email: info@esy-tax.co.uk
Phone: 0117 313 7173

📅 Opening Hours:
Monday-Friday: 9am-5:30pm
Saturday: By appointment

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FAQs: Bristol Business Grants & Tax Reliefs

The West of England Start-Up Grant (£1,000-£5,000) is ideal for new businesses.

2️⃣ Can my café in Bristol get a grant?

Yes! The Retail, Hospitality & Leisure Relief offers 75% off business rates.

3️⃣ How long does an R&D tax claim take?

Typically 4-8 weeks for HMRC to process.

4️⃣Do I need to repay business grants?

No – most grants are non-repayable (unlike loans).

5️⃣ Can accountants help with grant applications?

Yes! We increase approval chances by ensuring applications are error-free.

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