randd Manufacturing and Engineering Leaflet

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MANUFACTURING AND ENGINEERING R&D TAX CREDITS Launched in the year 2000, the R&D Tax Credits scheme is a UK Government initiative with the aim of encouraging innovation. randd uk are R&D tax credits experts, rewarding businesses across Britain for innovation with a 100% success rate of claim since 2008. Our experienced team have specialist knowledge and a strong relationship with HMRC to ensure the maximum amount of claim for clients. At randd uk, we work on a contingency basis so there is absolutely no financial risk because we only charge a percentage of a successful claim. Research & development is vital in the manufacturing, engineering and foundries sectors to compete in a challenging market - R&D tax credits can make your investments go further. Examples of eligible activities: •

Creating or developing new products or processes

Adapting to changes in legislation or industry requirements. including energy efficiency and reducing carbon waste

Developing a new & innovative approach to manufacturing, engineering and foundries systems

Bespoke solutions

Manufacturing prototypes, pilot runs & testing

Developing or creating new composite materials

Trialling and developing systems to improve performance, cost-efficiency or methodology

Case Study: Chesterfield Engineers In total, this engineering company from Chesterfield has claimed £427K in R&D tax credits with the latest instalment being £106K. The company manufacture specialist and unique fabrications for complete turnkey solutions including design, manufacture and commissioning. Their fully equipped workshop and new manufacturing unit enable the company to carry out research and development to deliver commitments to their clients. They act as a trusted partner to key customers, the company develop a proactive strategy consisting of technical advice, feasibility studies and support at early stages. This ensures that customer needs are realised in a cost effective, achievable and practical manner.

“randd uk’s team have again helped us with another successful R&D claim. The professional, controlled and well communicated approach by randd uk is a really good fit for our business. I would strongly recommend randd uk as the company to handle your R&D tax credit claim.” - Mark Brady, Managing Director at Hayley 247 Engineering Services Ltd

Contact one of our experts today to start your R&D Tax Credits claim 01332 477 070