We are established experts in successfully claiming R&D Tax Credits for companies in the Manufacturing & Engineering industry.
Research and development is important in this sector for companies to compete in a challenging market, one that has growing pressure to improve energy efficiency and reduce waste.
Some examples of eligible R&D activities within the Manufacture and Engineering sector are:
- Creating, developing and improving new products, processes and handling techniques (such as instruments or tooling)
- Adapting products and processes to adhere to changes in legislation or industry requirements
- Attempts to improve energy efficiency and reduce carbon emissions
- Testing new products and processes to improve performance, cost-efficiency and methodology
- Developing innovative approaches for foundry systems, prototypes, pilot runs, plants and machinery
- Developing and creating new composite materials
Here are some examples of how we have helped clients in the manufacturing and engineering industry maximise their R&D tax relief during 2023.
A mission-critical SATCOM supplier awarded £395.2K over 7 years, most recently £76.6K
Founded in 2014, the company designs, manufactures and supports a wide array of uplink amplifiers and associated equipment. It provides power solutions to system integrators and end-users in over 35 countries, supported by a service partner network that spans the globe.
The company’s R&D plays a significant role in new uplink amplifier development. It has developed small, lightweight power solutions and has advanced amplifier design.
Application-led innovation has been key for the company’s claim. Its products range from a few watts, innovating high-power solutions and compact, high-efficiency designs and packaging.
“This time next year we’ll be miwwionaires!”…£907.2K awarded in total over 12 years (most recently £62.9K)
Founded 50+ years ago, this company is still innovating as it strives to be the most innovative and successful investment casting technology specialist in Europe. It has successfully developed products across 20 different industry sectors, producing over a million parts per year for many high-profile global brands.
The company is committed to developing effective and economical alternatives to other methods of producing metal components.
Technical advancement of products and processes was the focus of its claim, as well as upscaling and waste reduction of materials.
£313.4K awarded for family-run aerospace specialist
The Derby-based company, established in 2008, makes engineering composites for the aerospace, automotive and defence industries.
The award centred around its upscaling of products and evidence of better and more efficient production processes.
Having heavily invested in its Research and Development division, a focus on next-generation industrial automation has now been implemented.
£52.3K awarded to motorsport leader, totalling £306.6K over 9 years
The Shropshire-based company specialises in the production of motorsport induction systems. It was formed in 1987 by the father of the current managing director, who had been involved in the development of new components for his car while he was racing cars as a hobby.
Leader of the UK and European markets, and also emerging in the US and Australia, it has innovated new, lighter, more fuel-efficient and more reliable components being demanded by engine manufacturers and motorsport enthusiasts.
Testing of new materials carried out on site also played a big factor in its claim, such as all aluminium casting, CNC machining and fabrication, as well as plastic injection moulding and assembly.
Is your business eligible for R&D Tax Credits?
Much time is spent looking for investments, grants and loans. Business leaders often overlook, or are unaware of, the fact they could be eligible for R&D Tax Credits. By successfully claiming R&D Tax Credits, your company could receive a significant cash boost 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!
