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R&D Engineering Tax Credits
- Reduce your tax liability using R&D engineering tax credits
- Provide a cash injection for your engineering business
- Make your engineering business more competitive and profitable
- Attract more investors without needing to increase your spend
Claim your tax back with Engineering R&D credit
- Use R&D to stay competitive in a constantly changing industry by developing new technologies and processes to stay ahead of the curve and win new contracts.
- Find solutions to technical problems and streamline your engineering processes without taking a financial hit to do so.
- Receive R&D tax credits that provide much-needed financial support for ambitious projects that aim to develop innovative solutions.
- Adapt your existing technologies for new processes in engineering, such as integrating AI for design and analysis, and claim back the associated costs.
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Are you eligible for R&D in engineering?
So long as your project involves novelty, uncertainty and innovation, the costs of your engineering project could be claimed back at the end of the financial year. Some examples include:
Are you eligible for R&D in engineering?
So long as your project involves novelty, uncertainty and innovation, the costs of your engineering project could be claimed back at the end of the financial year. Some examples include:
R&D in Mechanical Engineering
Solving a problem such as developing a new type of heat exchanger with improved efficiency for a power plant, is considered overcoming challenges in fluid flow and heat transfer, and would be eligible for R&D tax credits to reimburse you for this cost.
R&D in Electrical Engineering
Addressing issues of signal transmission and interference would be considered R&D in engineering, such as developing a novel communication system for use in harsh environments (e.g., underwater or space).
R&D in Civil Engineering
Developing new technologies for water treatment and filtration by creating a sustainable drainage system for managing rainwater runoff in urban areas would classify as qualifying R&D expenditure, and any associated costs would be reimbursed to you.
R&D in Software Engineering
This could involve developing new algorithms for machine learning applications in engineering (e.g., structural analysis, design optimization) in order to overcome challenges in data processing and model training.
Maximise your claim for R&D for your engineering company
Put money back into your engineering business cashflow sooner rather than later. Don’t wait for HMRC to reimburse, since this can often take months.
Take out an R&D tax credit loan and receive your money in days. With up to 80% value as a cash payment, both large and small engineering businesses can benefit from advance funding for their R&D claim, enabling you to inject this back into your cashflow quicker and reap the benefits of the financial boost sooner.
Stay ahead of the game: claim the right amount of funding, and get it quickly. Don’t miss out on important tax relief funds.