Claim R&D Tax Relief, Capital Allowances, Grant Funding and Energy Tax Incentives for Manufacturing using our experts.
- Helping you finance innovation and business growth
- Enabling you to recover a proportion of R&D costs
- Maximise your tax relief on commercial property assets
Tax Incentives and Grants for Manufacturing Projects
Discover the Funding Opportunities waiting for you
We're here to help
Innovation Tax specialise in helping companies access vital funding and tax incentives to enable their businesses to grow, increasing profitability, reducing risk and enabling further investment in R&D activity and on capital items.
We use our technical knowledge and industry experience to better understand your business in order to identify the maximum potential benefit available. Our experience of tax legislation ensures claims are fully auditable and compliant to the highest quality standard.
R&D Tax Credits for Manufacturing
Tax Incentives and Grants for Manufacturing Projects
The manufacturing sector is at the forefront of innovation, constantly developing new products, enhancing production processes, and integrating advanced technologies. R&D Tax Credits are designed to reward these efforts, helping manufacturers reclaim between 16-33% of their eligible research and development costs.
HMRC Guidelines for Compliance –>
Tax Incentives and Grants for Manufacturing Projects
R&D in manufacturing includes activities that aim to overcome technical or scientific uncertainties. This can involve improving processes, developing new production methods, or creating bespoke solutions to solve unique challenges. Examples include:
- Designing and testing prototypes for lightweight automotive components that address significant technical uncertainties.
- Developing biodegradable materials for packaging where the chemical properties present technical challenges.
- Testing new aerospace alloys to achieve enhanced durability under extreme conditions.
- Creating advanced food processing methods to minimise waste through innovative engineering solutions.
- Integrating novel additive manufacturing techniques, like multi-material 3D printing, into production lines.
- Overhauling electronics manufacturing processes to solve technical inefficiencies in high-speed assembly.
- Developing specialised corrosion-resistant coatings for complex chemical manufacturing environments.
- Redesigning textile production systems to overcome technical barriers in sustainable fabric creation.
- Experimenting with robotic automation systems that require solving precision engineering challenges in medical device manufacturing.
- Implementing innovative energy recovery systems to optimise efficiency in industrial processes with significant complexity.
How is the benefit paid?
The R&D Tax Credits scheme provides two primary sources of relief:
1.
Corporation Tax Reduction
If your company is profit-making, the tax liability can be reduced (or a tax refund obtained for historical periods) by the value of the claim.
2.
Cash Payment
For loss-making companies, a 10/14.5% tax credit may be available, offering between 16-33% of eligible R&D expenditure back to your business.
Innovate, Invest and Grow
Navigating the complexities of R&D funding can be overwhelming and that’s where we step in.
Our mission is to simplify the process to help technology and software companies unlock the funding they are entitled to.
- Expert Guidance: Our thorough understanding of R&D Tax Credits and Grant Funding schemes help us identify the opportunities best suited to your business.
- Tailored Approach: Every business is unique so we take the time to understand your projects, ensuring you claim the eligible funding you are entitled to.
- End-to-End Support: From assessing eligibility to preparing and submitting claims, we handle every step of the process with precision and care.
- Grant Applications: Beyond tax incentives, we assist you in identifying and applying for grant funding competitions which align with your growth objectives.
How much is the R&D Tax Credit Relief Scheme worth?
Tax Incentives and Grants for Manufacturing Projects
Post April 2024: Up to 21.5% Net Benefit
Post April 2023: Up to 16.2% Net Benefit
Post April 2023: Up to 26.97% Net Benefit
Post April 2024: Up to 16.2% Net Benefit
R&D Tax Credits Claim Process
01.
Introduction
We arrange a meeting to discuss your business, qualifying criteria and how they might impact on one another.
02.
Prequalification
We conduct a thorough assessment to ensure your activities/projects comply with the incentive criteria.
03.
Information Gathering
We work closely with your key personnel to gather all the information required to support your application.
04.
Report Compilation & Review
We draft your application and forward you a copy for review to provide reassurance that the content is a true representation of your application.
05.
QA & Submission
Once you are happy with the application draft, we conduct an internal quality assurance check to ensure all requirements are satisfied before formal submission.
Grants Funding for Manufacturing
Tax Incentives and Grants for Manufacturing Projects
Grant Funding is a government-backed initiative designed to support businesses by providing financial assistance to drive growth and innovation across various sectors, from start-ups aiming to establish themselves to established companies looking to scale up.
Grant Funding accelerates ambition, turns visions into reality, and enables businesses to explore new opportunities, develop innovative solutions, and achieve long-term success.
Which activities would qualify for Grant Funding?
Manufacturers can access a wide range of grants to support innovation, sustainability, and growth. These funds can provide the boost you need to stay competitive and scale operations.
Innovation Tax continuously monitor the market for funding competitions and opportunities available to UK companies. Although each grant awarding body has different priorities across various sectors, they target to ensure only the best projects are funded. The range of activities which can be supported by grant funding are many and varied, including:
- Scaling quantum computing in advanced material manufacturing
- Developing bioengineered materials with unique properties
- Support for autonomous robotics in high-precision assembly lines
- Creating self-healing coatings in aerospace manufacturing
- Carbon capture integration in production processes
- Grants for modular and adaptive factory systems for customizable products
- Advanced AI-driven predictive maintenance in heavy industry
- Advanced bioplastics in sustainable packaging.
- Pilot projects using renewable energy-powered manufacturing plants.
- Development of nanotechnology applications
- Support for next-generation battery manufacturing technologies
- Innovations in additive manufacturing for high-stress component production
What Grants are available for Manufacturing Businesses?
Tax Incentives and Grants for Manufacturing Projects
01.
Innovate UK
Read more →
02.
UKRI
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03.
SBRI Healthcare
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04.
Govt. Departments
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05.
Industrial Strategy Council
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06.
Councils & Growth Hubs
Read more →
07.
European Innovation Council
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08.
Horizon Europe - EU Commission
Read more →
How can we help
Navigating the grant landscape can be complex. We guide you through identifying the most relevant opportunities, preparing applications, and securing the funding you need to lead in innovation.
What are Capital Allowances for Manufacturing companies?
Manufacturing businesses often make significant investments in equipment and facilities. Capital Allowances help you reclaim a portion of these costs, reducing your tax burden and increasing cash flow.
HMRC Guidelines for Compliance –>
Capital Allowances recognise expenditure incurred in the purchase of commercial properties and other assets as a tax allowable expense (unlike ‘depreciation’), reducing taxable profits and the associated tax liability; furthermore, claiming Capital Allowances do not increase your future capital gains tax liability if the property is subsequently sold.
The majority of individuals and companies entitled to claim Capital Allowances on commercial property expenditure have not claimed their full entitlement and have therefore failed to maximise their tax relief.
We help businesses in identifying and claiming eligible expenditure on commercial property expenditure incurred on the acquisition and fit-out costs.
Capital Allowances –
Qualifying Expenditures
- Acquisition of Commercial Property
- New Builds
- Furnished Holiday Lets
- Refurbishment / Fit Out
- Extensions
How can we help
Our highly skilled and experienced team of Chartered RICS Surveyors, Technical and Taxation Professionals work with companies to identify all qualifying activities and associated expenditure.
Unlock Energy Tax Savings for Manufacturing companies
Manufacturers investing in energy efficiency and sustainability can benefit from a range of energy tax incentives. These initiatives help reduce operating costs and position your business as a leader in sustainability.
If your business belongs to an energy-intensive sector, you could claim back up to £25,000 for every £100,000 spent on energy, helping you insulate against rising operational costs. To be eligible, companies must meet specific meet HMRC and BEIS requirements, sector requirements, and undergo evaluations such as historical usage analysis.
We help you identify, explore and claim Energy Tax Incentives
01.
Scheme Identification
We will help you identify which energy scheme (Climate Change Levy, Energy Intensive Industries, UK ETS Compensation Scheme) you are entitled to claim.
02.
Claim Compilation
We will prepare the claim reports in compliance with the legislative framework and guidance to ensure your claim is fully justified and calculated correctly.
03.
Ongoing Support
Once your claim has been submitted, we will follow this through to completion and will assist with producing the quarterly and annual reporting as necessary.
Transform Manufacturing Innovation
Unlock the financial incentives you deserve with R&D Tax Credits, Grant Funding, Capital Allowances, and Energy Tax Incentives. From developing innovative materials to streamlining production processes, we’re here to support your journey toward greater efficiency and competitiveness in the global manufacturing landscape.
Tax Incentives and Grants for Manufacturing Projects
Schedule a free consultation with our specialists to explore your opportunities.
Other services to access funding
Tax Incentives and Grants for Manufacturing Projects
Patent Box →
Our Patent Box service aids companies in benefiting from reduced tax rates on profits derived from patented inventions, providing substantial tax relief.
HMRC Enquiry Support →
We provide expert assistance in responding to HMRC enquiries, ensuring the response is clear, sufficiently detailed and in-line with HMRC's expectations.
Your Trusted Partner for Manufacturing Tax Incentives
Serving manufacturers across the UK, we’re dedicated to helping you achieve financial growth and sustainability. Contact us today to explore your opportunities.
- Proactive Compliance: Ensuring all notifications and documentation meet HMRC's requirements.
- Maximised Claims: Identifying all eligible R&D activities, including those often overlooked.
- Peace of Mind: With our support, you can focus on innovation, knowing your claims are accurate and compliant.