In six years (2012–2017), a Derby-based advanced engineering business have claimed £302,000 in R&D tax credits with the latest addition of £77,000. The Company is a rapidly growing, advanced engineering business focused on delivering world class tooling and composite component solutions. Work is carried out across a wide range of market sectors, including Aerospace, Automotive, Motorsport, Defence and other high-tech industries.
Research and development is carried out in response to market demand by applying expertise to additional aspects of composite manufacture. Live trials have enabled the launch of new products and a process development service, taking projects from concept design through to supply of advanced composite components.
The Company regularly invest in staff training, systems development and the latest modern equipment and software to ensure a competitive edge in a fast-paced marketplace. Previous R&D tax credits have been reinvested into the development of technologies involving the manufacture and processing of new composite materials.