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Chartered Accountants Specialising in R&D Funding
R&D Tax Credits in the Environmental & Renewable Energy sector
With the increasing effects of climate change on our planet at the top of Government agendas worldwide, renewable energy, the protection of our environment and the reduction of waste is undoubtedly one of the most important areas for R&D of this decade.
Could you qualify for R&D Tax Credits in this sector?
Qualifying Examples of R&D Tax Credits in the environmental & renewable energy sector
The R&D tax credit scheme rewards any company whose work seeks to resolve a ‘scientific or technological uncertainty’. Qualifying activities may include:
- Designing and developing more efficient and cheaper solar technology.
- Incorporating renewable energy in to listed, heritage buildings or complex sites.
- Recycling of waste to create new products with better performance or to reduce costs.
- Developing processes or products to reduce noise pollution.
- Developing innovative techniques for the remediation of polluted land.
Our work in the environmental & renewable energy sector
An organic recycling company focused on biodegradable waste management, developed an anaerobic digester for food waste.
Libcus recovered £220,000 for the client.
A UK software development company specialising in monitoring equipment for the renewables industry developed a software system to track and optimise wind turbine performance.
Libcus recovered £26,000 for the client.
Other industries eligible for R&D Tax Claims
Our technical specialists regularly process successful claims in the environmental and renewable energy sector. However many other industries are eligible to claim R&D Tax Credits. For more informaiton on other industries and examples of claims, please click on the links below:
Technology & Software
The technology sector is one of the fastest growing sectors in the UK and as such is one of the key areas for R&D tax relief:
- Cyber security & encryption
- Search engine advancements
- Linking old & new software systems
Food & Beverage
R&D has always played a part in the food & beverage industry but is constantly increasing as awareness of allergies and healthier types of food and drinks grow in demand but where taste remains a key factor.
The importance of a successful manufacturing industry lies at the heart of any economy, and today more than ever flexibility in adapting to ever changing customer requirements is vital for future prosperity.