R&D In Food And Drink
Food and drink demands are driven by many forces such as dietary and allergen trends. Witnessing the growth in areas such as veganism too are testament that at one point there were questions being asked due to uncertainty about the how to apply, progress and exploit science and technology in order to advance knowledge and capabilities.
R&D Tax Relief has been implemented by the UK government in order to incentivise businesses like yours to encourage spending in order to innovate in your fields of expertise.
Considering a basic example, a food and beverage company needed to find a new way to freeze their raw materials where the project resulted in a new and improved freezing container that also used less energy and increased the time to freeze by 33%.
We have seen a wide variety of food and drink / beverage companies benefit from the R&D Tax relief where costs associated but not necessarily limited to:
Staff | Subcontractors | Consumables | Software Used | Prototyping
Instead of guessing if your business is eligible, rather let Available Grants work with you to find out if there’s a potential claim. We work on a No-Win No-Fee basis, so let’s arrange an eligibility call with one of our R&D Tax specialists now.