GovGrant swoops for Wolverhampton financial consultancy

GovGrant, the R&D and IP specialist, has acquired Wolverhampton-based Luvo Financial.

GovGrant described the deal as a ”significant opportunity” for both parties as the R&D market consolidates.

Vicki White and Ian Batkin, Luvo’s founding partners, will continue their relationships with existing Luvo clients and accounting partners.

However they will now be backed by the full GovGrant team and processes to offer a broader range of technical expertise, dedicated account management and advanced claims processing.

Luvo clients will also benefit from the wider IP services offered by GovGrant.

White said: “We look forward to expanding the service we offer to our clients, in particular to bringing greater capacity to our accounting partners. GovGrant has developed additional tools for accountants, particularly Elevation which, in our view, is one of a kind.”

Batkin said: “GovGrant felt like the right fit as they are a prominent, quality provider in the market and have the same attitude to quality assurance and rigour as we have ourselves. We want to take this next step to improve the range of services we offer to our innovative clients.”

Luke Hamm, CEO, GovGrant, added: “We are delighted to welcome Vicki and Ian to the GovGrant team as they have a clear commitment to quality for their clients and accounting partners. We look forward to working with them to help all of our clients maximise the value of their innovation.”