How SPRK can benefit your business

A SPRK Advance makes strategic sense

A SPRK Advance can support you with access to capital on either an ad hoc or quarterly basis – it’s entirely up to you and what works best for your business. The process is easy, fees are straightforward, and you have even the chance to make your R&D pound go further.

SPRK will receive the advanced amount directly from HMRC once your claim is processed, removing any debt against the loan.

SPRK Advance

  • Access your refund up to 12 months earlier
  • Boost cash flow by drawing as you need, up to 70% of your estimated refund
  • Stretch your R&D budget by 20% and your refund by 10%

Low Cost

  • No cash paid upfront
  • Establishment fee built in to loan £999+VAT, reducing by £100* each loan after
  • Interest rate of only 1.33% per month
  • Zero early repayment fees

It’s simple

  • Quick & easy application process
  • Fast approval and funding times
  • Zero repayments during term of Advance
  • Repaid by HMRC directly to SPRK
  • One set of standardised documents (first ranking debenture) for all Advances

Stretch your pound even further with a SPRK Quarterly Advance

Every £ spent on R&D has an immediate and long-term impact to your business. By using a SPRK Quarterly Advance that spend can stretch further, resulting in either 20% more generated in R&D expenditure and an increased refund of 10% or it will leave you requiring 18% less capital to achieve the same R&D expenditure.

How it works

  • GET

    More R&D expenditure

  • AND

    Increased credit

  • OR

    Less capital required
    for the same R&D level

Rely on SPRK to help you grow

“The impact of R&D lending is so powerful that almost every client tells us they wished they had known about SPRK sooner”

– Dominick Peasley, CEO, SPRK


Peace of mind with SPRK expertise

SPRK is a fintech lending business created to help businesses access the finance they need to innovate and grow. Having had success in Australia with an equivalent business, SPRK boasts some of the best experience in the R&D lending space across multiple markets.

SPRK has a vision to stimulate and support innovation in the UK by advancing your tax credit when you most need it…now.

SPRK does this through a simple online process and mutually beneficial partnerships.

Meet the team

Talk to our experts

SPRK are specialists in R&D finance, and we're here to help you get the most from every pound spent on R&D.

Contact us
Request a call

Am I eligible?

  • Are you a UK business doing R&D?

    Does your company conduct R&D to improve existing products and services? Maybe you’re a start-up with a focus on innovation, or R&D is your core business?

    Yes No
  • Do you meet the government’s criteria?

    You must be a company liable for Corporation tax, have a minimum annual R&D expenditure of £20,000 and conduct at least one activity under the government definition of R&D.

    Yes No
  • Great! Let’s start your application.

    Getting started with SPRK is easy, and can be done over the phone or right now, online. For more information on the application process please click here.

    Request a call Apply Online
  • It’s OK, we can help!

    You may not be eligible right now, but our team of experts may be able to help. Let’s arrange a time to chat.

    Request a call Contact Us

How much of your money could you access?

Don’t wait for your credit. Access it now and stretch every pound up to 20% further.

Calculate your R&D Advance by entering your annual R&D expenditure below


Tax Credit without SPRK £-
Tax Credit with SPRK
AFTER all financing costs
R&D expenditure increase £- -%
R&D tax credit increase £- -%
Expenditure period 1-Jul to 30-Sep 1-Oct to 31-Dec 1-Jan to 31-Mar 1-Apr to 30-Jun
Your R&D expenditure £100,000 £100,000 £100,000 £100,000
SPRK Advance £- £- £-

Talk to our experts

SPRK are specialists in R&D finance, and we're here to help you get the most from every pound spent on R&D.

Contact us
Request a call


  • Brochure

    Fact sheet for businesses