RCK Partners assembles Innovation Advisory Council for R&D tax

RCK Partners has announced the launch of the Innovation Advisory Council to provide sector-specific guidance to businesses navigating the UK research and development landscape.

The London-based tax advisory firm stated the council will comprise advisers from the technology, life sciences, manufacturing, and defence industries to provide best practice advice to clients.

News of the initiative’s formation follows recent reforms to the R&D tax system. The firm claims the council will help businesses stay ahead of market developments and maintain a competitive edge. 

The council includes members such as former Virgin chief operating officer Carla Stent and Vodafone Three chief financial officer Darren Purkis. Other members include former Dyson managing director Rebecca DeNiro.

The advisory body will work alongside existing non-executive directors, including former chancellor Lord Philip Hammond and Lord Iain McNicol. Group chief executive Sophie Spells will chair the council.

Spells said: “This is an exciting milestone for RCK and as champions of growth and innovation, RCK’s role in enabling businesses to realise the full value of R&D tax incentives are critical drivers of innovation and investment.

“With the IAC’s assistance, it will support RCK’s clients in meeting diverse needs across their respective industries. Importantly, this council will strengthen our commitment to strong governance and advisory excellence by providing deeper insight into the industries we serve, proving invaluable in strengthening the UK’s position as a global leader.”

James Gibson, chief executive of RCK, added: “RCK was founded with the mission of supporting innovative business in navigating the R&D landscape. We have assembled a group of business leaders who bring a wealth of experience to our clients, in their respective sectors and across their extensive career experience.

“The R&D industry has experienced turbulence over the last few years and in an ever-changing environment, we need to stay one step ahead, and the IAC helps us achieve exactly that, with the adviser’s respective experience at our disposal.”