With a total Reality Cheque of £225,000, a precision-engineering company based in Chesterfield have received £51K for their sixth claim (for seven years). The company specialise in machining large, metal components for the defence, oil & gas, aerospace sectors, as well as in the area of renewable power-generation.

Research and development is a high priority for the company as they continually seek to improve quality, delivery times and efficiency. Activities eligible for R&D tax credits include: producing new bespoke components; extending the life of existing components to achieve big cost savings and minimise environmental damage; and extending the life of machine tools.