What is the R&D Cash Flow Loans?
The R&D Cash Flow Loans is an initiative that will support innovative Victorian SMEs in developing the products, services and technologies vital to Victoria’s future economy.
The R&D Cash Flow Loans ensures SMEs can continue to invest in research and development to keep their businesses competitive; employing more researchers and innovators, conducting trials and experiments and purchasing assets and equipment critical to R&D work programs.
It also seeks to support and grow Victoria’s innovation ecosystem and recognises the importance of investments in research and development to the future growth and sustainability of the Victorian economy.
The Victorian Budget 2020-21 provides up to $50 million in low-interest loans to innovative Victorian small-medium enterprises (SMEs).
The $50 million scheme will be administered in two loan application rounds, with the first round available in April 2021 and the second round in September 2021.
The R&D Cash Flow Loans will support innovative Victorian SMEs in developing the products, services and technologies vital to Victoria’s future economy.
Victorian small-medium enterprises that have previously received Commonwealth’s R&D Tax Incentive will be eligible to apply for these loans.
Why would you need R&D Cash Flow Loans?
The R&D Cash Flow Loans can help companies to keep R&D activities going, even they are in financial dire situations and do not have to wait up to 12 months to see the rebate on funds.
This low-interest loans allows you to continue development without having to compromise the development.
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More information about applications will be available in early 2021.
What is R&D funding?
R&D funding is when a lender provides a loan against a company’s future R&D tax incentive credit.
Are R&D grants taxable?
R&D grants should be included in the accessible income of a company’s Income Tax Return.
How do R and D tax credits work?
An R and D tax credit is a rebate a company gets from the ATO for conducting eligible research and development activities.
How is R&D tax offset calculated?
The R&D tax offset is calculated by multiplying your R&D expenses by 43.5%.
See the R&D tax calculator for information.