Spotlight on Sora Aviation

Sora Aviation is a Bristol-based startup developing a zero-emission, low-noise electric vertical take-off and landing (eVTOL) aircraft designed to make advanced air mobility affordable and accessible.

As the company has grown, it has secured multiple sources of funding — from competitive grants to R&D tax credits — enabling its team to move from concept through to prototyping. Sora has already demonstrated its technology internationally in the USA, Europe, South Korea, and Japan, and is targeting its first flight in 2028.

 

For an ambitious deep-tech company like Sora, the support of a specialist accountancy and tax advisor is critical to ensure funding flows smoothly and compliance requirements are met at every stage.

Grant Audits

UK Government grants play a vital role in supporting innovation but typically require robust Independent Accountants' Reports (IARs) before funds can be released.

Corrigan Accountants delivered two IARs for Sora Aviation under tight deadlines, enabling grant funding to be received quickly and improving cash flow.

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"Corrigan worked efficiently and diligently, providing the detail we needed with proactive and insightful communication. Our submissions were accepted without issue, and the funding was released at the earliest opportunity."Furqan, CEO at Sora Aviation

R&D Tax Credits

R&D tax credits are a valuable source of support for research-intensive businesses, but the claims process has become increasingly complex with new compliance measures.

Corrigan Accountants guided Sora Aviation through the quantification and qualification of its R&D claims, ensuring both maximum relief and full compliance with updated legislation. This has helped fund further development and future iterations of Sora's technology.

“It's invaluable to work with an advisor who understands early-stage, tech-intensive businesses like ours. Corrigan are flexible, quick to respond, and thorough. Our experience has been excellent.”Furqan, CEO at Sora Aviation
 

If you're looking for experienced advisors who will seamlessly guide you to fulfil your company's potential, get in touch. You can also find us providing pro-bono advice as part of several incubators in the Bristol and South West region, including Future Space, Science Creates and Set Squared. We can help you with:

  • Business support services including bookkeeping, payroll, VAT, and management accounting
  • Business modelling and forecasting
  • Statutory financial reports and year end requirements
  • Corporation tax
  • R&D tax credits
  • Tax effective share incentive schemes