Examples of eligible R&D activities
- Developing or creating new products or processes
- Improving the quality of a product for quicker application, reducing labouring time
- Meeting new legislative requirements
- Developing products that are cost effective and meet customer demands
- Responding to market demands such as removing / reducing toxic chemicals
- Reducing carbon footprint and developing processes and products to become more energy efficient and reduce wastage
Case Study: Surface Coating Manufacturer
A leading manufacturer of thermal spraying equipment based in Dudley (West Midlands) have received a total amount of £509K in R&D tax credits with the latest claim of £95,000.
As renowned experts in advanced innovative surface coating technology, the company are the only UK developer, manufacturer and worldwide supplier of a full range of metal spraying equipment and consumables.
Research and development is needed for developing new products for the industry and creating bespoke solutions for individual customers. Recognised as an award-winning company and partners of a trusted University, the company have progressed with R&D activities which have been further rewarded by randd uk and R&D tax credits.