Examples of eligible R&D activities
- Creating or developing new products or processes
- Adapting to changes in legislation or industry requirements, including energy efficiency and reducing carbon emissions
- Developing a new & innovative approach to manufacturing, engineering and foundries systems
- Bespoke solutions
- Manufacturing prototypes, pilot runs & testing
- Developing or creating new composite materials
- Trialling and developing systems to perhaps improve performance, cost-efficiency or methodology
Case Study: Chesterfield Engineers
In total, this engineering company from Chesterfield has claimed £427K in R&D tax credits with the latest instalment being £106K. The company manufacture specialist and unique fabrications for complete turnkey solutions including design, manufacture and commissioning.
Their fully equipped workshop and new manufacturing unit enable the company to carry out research and development to deliver commitments to their clients. They act as a trusted partner to key customers, the company develop a proactive strategy consisting of technical advice, feasibility studies and support at early stages. This ensures that customer needs are realised in a cost effective, achievable and practical manner.