Over five claims for six years, a manufacturer has received £246,000 in R&D tax credits with the latest instalment of over £33,000. The company manufacture manual handling Roll Cage systems for product shipment and logistics, predominantly in the automotive, retail and laundry sectors.
Research and development is carried out to create products for UK manufacture in response to changing markets. An in-house engineering team develop, manufacture and assemble first-off prototypes and demonstration models or sample products.
The company take on the risk of R&D to win clients and offer bespoke products. Investment in 3D Computer Aided Design (CAD) has enabled product developments for customers as well at the company’s portfolio. R&D tax credits have enabled the company to grow and expand into new markets including the medical and food sectors which provide more challenges that will require future research and development.