Have You Been Asked for an Innovate UK Accountant’s Report? Here’s What to Do

25 June 2025 | Audit

If Innovate UK has asked you to submit an Accountant’s Report before releasing your next grant payment, don’t worry — you’re in the right place. At ARK Accountants, we provide fast, compliant, and expert support to help you submit your Independent Accountant’s Report (IAR) and draw down your funds without delay.

What Is an Independent Accountant’s Report (IAR)?

If your grant exceeds the threshold, Innovate UK typically requires an IAR to verify your financial records. This report must be prepared by a registered accountant and is mandatory before you can access certain milestone payments.

It includes verification of:

• Project-related costs
• Evidence of spend (invoices, payroll, etc.)
• That no other funding has been used for the same activity
• That you're compliant with Innovate UK terms

Need It Urgently? We Can Help — Fast

Many clients come to us with tight deadlines after being caught off guard by an audit requirement. Fortunately, our team has extensive experience in handling urgent requests.

We’ve worked:

• Outside standard hours to meet deadlines
• With start-ups, scale-ups, and consortiums
• On grants ranging from £25k to £2M+

We offer a fast-track service to deliver your Innovate UK Accountant’s Report quickly and accurately so you can draw down funds without delay.

Why Businesses Choose ARK for Innovate UK Audits

• Authorised to issue Innovate UK Independent Accountant’s Reports
• Deep understanding of grant compliance and funder requirements
• Transparent, fixed-fee pricing
• Reliable turnaround — even for urgent audits
• A proven track record with projects in tech, sustainability, AI, medtech, and more

⚠️ Don’t Risk Delayed Grant Payments

If your IAR is delayed, your grant funding may be put on hold. Innovate UK won’t release funds until the audit is complete and approved. That’s why working with the right audit partner is critical.

Get in Touch for a Quick Quote

We’re here to help you submit your Innovate UK audit report quickly, accurately, and without hassle. If you’ve been asked for an audit, or want to prepare in advance, contact us today.

What Do We Need to Quote You?

To provide a fixed quote for your Innovate UK audit, we need following key details:

1. The total grant amount
2. The number of transactions in your current claim
3. Deadline for the report

When you send a message, please include this information which helps us get back to you faster with an accurate price and timescale. Alternatively email us [email protected]