Grant funding and R&D tax credits can take time to land even after they are approved. The money is coming, but the work, the spend or the project deadline can't wait for it. A Credicorp facility can bridge that interval so a UK limited company or LLP keeps the project moving and repays once the expected funds arrive.
Common bridging situations
- An R&D tax credit claim submitted but not yet settled by HMRC.
- A grant awarded in arrears or paid against milestones.
- Match-funding you need to commit before a grant releases.
How it works
You apply as a company for the business purpose of bridging. If we make an offer, you draw the funds to keep the project on track and repay over the term and at the rate in your offer document when the grant or credit pays out.
Treat the incoming funds with caution
Only bridge against money you are genuinely confident of receiving, and leave headroom in case it lands later than expected. The loan is to the company, with no director personal guarantee. Credicorp is an exempt business lender outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply.
See also: Bridging an R&D tax credit claim, Marketplace payout delays and how funding bridges them and Funding a new hire before they become profitable.