R&D in Food and Drink

As a result, they are always having to find innovative ways to meet this challenge and manage their budget carefully. To help with both these aims, R&D tax relief is available for firms involved in the sector.

What counts as R&D tax relief in the food and drink sector?

With the global population now over eight billion, food and drink companies are encouraged to find sustainable ways to cater to this growing number. Increasingly health-conscious customers are also asking food companies to make nutritional items without sacrificing on taste.

Some areas where R&D tax relief can be claimed are:

• Applying science to boost products’ nutritional requirements
• Sustainable approaches to sourcing and manufacturing food and drink products
• New food preparation and preservation methods to improve its quality and lifespan

How much R&D relief does the average food and drink SME claim?

HMRC includes food and drink companies in its Accommodation & Food category. According to 2022 stats, the average claim within this category was £18,519 during the 2020/21 tax year – a time when the sector had to adapt to the considerable logistics and hygiene challenges posed by Covid-19 restrictions.

Let Available Grants manage your R&D tax relief claim

Over the years, we have witnessed a diverse range of food and drink businesses benefit from receipt of R&D tax relief.

Our expert team at Available Grants works closely alongside the firms we aid in the food and drink industry to calculate if they are eligible to claim tax relief. Our R&D tax experts are ready to help, so book your eligibility call today and see if you can make a no-win-no-fee claim.