Pre-financing of the Research Tax Credit

Pre-financing of the Research Tax Credit

Establishment of the research

In order to encourage business innovation, the Public Investment Bank (BPI) launches pre-financing of the Research Tax Credit (CIR). The target is to allow SMEs to have the cash flow necessary to cover their R & D expenses the year in which they are incurred. The pre-financing of the CIR offered by the BPI can be rolled out in two manners. It may take the form of a short- or medium-term bank loan guaranteed by the BPI up to 60%, or be paid by the BPI itself. In the latter case, the pre-financing will correspond to 80% of the expected CIR for the eligible expenditure incurred and will be between 30 000 € and 1.5 M €.


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