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

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

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

However, you are now supported by the entire GovGrant team and processes to offer a wider range of technical expertise, dedicated account management and advanced claims handling.

Luvo customers will also benefit from GovGrant’s more comprehensive IP services.

White said, “We look forward to expanding the service we offer our customers, particularly to provide more capacity to our accounting partners. GovGrant has developed additional tools for accountants, especially Elevation, which we believe is unique. “

Batkin said, “GovGrant felt like the right choice because they are a leading quality provider in the market and have the same attitude towards quality assurance and rigor as we do. With this next step, we want to improve our service offering to our innovative customers.”

Luke Hamm, CEO of GovGrant, added: “We are excited to have Vicki and Ian on 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 customers maximize the value of their innovation. “