A large amount of innovative research and development happens in the UK’s food industry. As FMCGs, food and beverages are prime products for regularly undergoing tweaks, improvements and development. All this food product research and development activity is exactly the sort of work which R&D tax credits are designed to support.
Food and nutrition are constantly changing to meet new customer demands and updated regulations. New food and drink products are released regularly and they all require extensive development and testing before coming to market.
Improvements to existing products is another large area in food & nutrition research and development, whether that’s in packaging, shelf life, eco-friendliness or other practical concerns. R&D will also be used to improve the food products themselves, in terms of taste, healthiness, longevity and cost, using modern technology and equipment to do so.
Costs you can claim for:
Many businesses don’t realise that making improvements and advancements to existing products is just as suited to R&D tax credit claims as developing entirely new products and equipment.
We can help you identify all your qualifying activities to get the most out of your claim.Check Eligibility
As you can see, food industry research and development activity can cover a wide variety of tasks. If you would like assistance identifying your company’s activities, creating the necessary reports and submitting R&D tax credit claims, our experts are here to help.
We’ve worked with hundreds of clients across many different sectors, including food industry companies. Simply get in touch to discuss how we can help you access the available R&D tax credits.Get Started