A bicycle business is awarded its first claim of £50,000.
The well-established company focuses on the development, manufacture and sales of performance bicycles and the accessories needed to support professional and amateur riders.
The company’s portfolio of products includes performance cycles for different racing formats, performance clothing and accessories. Their new materials were tried and tested to develop performance clothing and bicycle parts, and also ran a series of user trials to gather information on durability, performance and ease of use.
A well-established London based business receives claim sum of £12,100.
The company’s fashion label is inspired by the rich history of British tailoring and is established on transitional and effortless styling exclusively made from the best British and European fabrics.
R&D has been utilised to explore sustainable fabric blends along with new ways of producing designs with the hope of one day becoming a carbon negative business. These projects have required innovation and intense problem solving to improve methods and processes and the longevity of fabrics.
A recent claim of £31,900 brings a company’s claim total to £90,000.
A business based in Basingstoke was established to meet the growing demand for readymade wildflower meadows without the creation problems associated with traditional seeding methods.
The business has prides itself as a significant contributor to the environment through ecological benefits, aesthetic qualities and their ability to absorb carbon. The company has carried out many R&D projects which have required inventiveness and innovation to achieve improved solution.
Could you be eligible for an R&D Tax Credits claim?
During these turbulent economic times, businesses across the country are looking for solutions to their cash flow problems. Many companies are looking for grants and loans and overlook that fact they could be eligible for R&D Tax Credits. By successfully claiming R&D Tax Credits, your company could receive a cash injection from HMRC in as little as four weeks.
Call our experts today on 01332 477 070 for a free, no obligation eligibility consultation. Your business could be our next success story!
