HELPING HEALTH TECH AND TECH START-UPS MAKE THE MOST OF INNOVATE UK GRANTS

At Sadler Advisory, we’re passionate about supporting innovative businesses in the health tech and technology start-up space. 

Many of these companies are driving forward new ideas with the support of Innovate UK grants and loans.

Securing this funding is a big milestone, but ensuring the money is managed, tracked, and reported correctly is just as critical.

That’s where we can help our clients take full advantage, and maximise their business gains from these types of funding opportunities .

Our role goes way beyond simply doing the accounts. We partner with founders and finance teams to make sure their funding works for them and stands up to scrutiny when reporting deadlines arrive.

OUR APPROACH TO GRANT-FUNDED CLIENTS

When working with businesses who have Innovate UK funding, we focus on three key areas:

1. Understanding the grant’s objectives and scope

Every Innovate UK grant has a purpose. We take the time to fully understand what your project aims to achieve, the timelines involved, and the conditions attached. This ensures your accounting aligns perfectly with your funding agreement.

2. Clarifying what costs are covered

Not all business costs are eligible under grant rules. We work with you to identify which expenses can be claimed and which cannot. This avoids the risk of non-compliance and keeps your project on track financially.

3. Building an accounting landscape in Xero

We design your bookkeeping system in Xero so that every transaction is properly categorised. This creates a financial framework that allows our team to generate accurate reports - reports that you can use directly in your Innovate UK submissions.

TURNING COMPLIANCE INTO CLARITY

With the right systems in place, your financial data transforms from a mandatory compliance exercise into a tool to help you manage your project, monitor cashflow, and make informed decisions about the future of your business. 

We make sure you have visibility over your numbers at every stage, so you can focus on the innovation that matters most. 

Innovate UK loans range from £100,000 to £5 million. That’s a lot of money for an SME, and you need expert accounting to spend and manage it as wisely as possible. 

WHY CHOOSE SADLER ADVISORY?

We understand that start-ups often move quickly, wearing many hats at once. Our experience in working with grant-funded businesses means we can anticipate the challenges and build solutions that scale with you. 

Combining our expertise in Xero, bookkeeping, and financial reporting with a deep understanding of Innovate UK requirements, enables us to take the stress out of compliance and give you back the time to grow.

If you’re a health tech or tech start-up looking for a partner to support your financial journey with Innovate UK funding, we’d love to talk. 

Get in touch today to find out how we can help you leverage it to the fullest.