R&D Tax Credits are a very niche part of the UK tax code that could
bring your company thousands of pounds in tax relief.
Textiles & Fabrics
With global competition and pressure to keep costs low, the UK clothing, textiles & fabrics industry champion research & development to design and produce creative, good quality products.
Eligible R&D activities include:
- Creating or developing new textiles, fabrics, materials or production processes
- Trialling and developing methods of producing clothing
- Altering an existing fabric for a new purpose
- Developing clothing, textile or fabrics that respond to extreme temperatures
- Adapting to changes in legislation or industry requirements for protective clothing
- Experimenting with material combinations never used in the industry before
- Responding to quality and other demands from the fashion industry
A Carlisle-based tweed weaver has claimed £274,000 in R&D tax credits over six years with the latest addition of over £66,000.
The well-established company designs and manufactures innovative fabrics for the women’s fashion industry. Trialling combinations of multiple yarns with hugely differing characteristics such as manufacturing process, dyeing or washing shows innovative thinking.
An experienced workforce with unique skillsets undertake trial and error and problem solving with the aim of reducing costs, enhancing quality and improving sustainability.
Previous R&D Tax Credits have enabled the company to become ever more innovative and more likely to invest in newer capital equipment to help them maintain their position as world leaders in specialist fabrics.
“Most businesses have an element of research and development in them. Speak to randd – they’ll tell you whether or not you’ve got a claim and they’ll look after it for you. They established our story from the very beginning and have helped to develop that story.”
Keith Walker | Managing Director at Linton Tweeds