ADHESIVES, SEALANTS, CHEMICALS & PAINTS R&D TAX CREDITS WWW.RANDDUK.COM “e industry: spends £4.4 billion each year on investment in buildings, vehicles and machinery; invests almost £5 billion each year on research and development; and manufactures products and technologies that are delivering a green economy.” - CIA (Chemical Industries Association) 01332 477 070 [email protected] randd uk ltd, Judge’s Court, The Old Courthouse, St Peter’s Churchyard, Derby, DE1 1NN Case Study: Surface Coating Manufacturer A leading manufacturer of thermal spraying equipment based in Dudley (West Midlands) have received a total amount of £509K in R&D tax credits with the latest claim of £95,000. As renowned experts in advanced innovative surface coating technology, the company are the only UK developer, manufacturer and worldwide supplier of a full range of metal spraying equipment and consumables. Research and development is needed for developing new products for the industry and creating bespoke solutions for individual customers. Recognised as an award-winning company and partners of a trusted University, the company have progressed with R&D activities which have been further rewarded by randd uk and R&D tax credits. Launched in the year 2000, the R&D Tax Credits scheme is a UK Government initiative with the aim of encouraging innovation. randd uk are R&D tax credits experts, rewarding businesses across Britain for innovation with a 100% success rate of claim since 2008. Our experienced team have specialist knowledge and a strong relationship with HMRC to ensure the maximum amount of claim for clients. At randd uk, we work on a contingency basis so there is absolutely no financial risk because we only charge a percentage of a successful claim. Advancements in technology and research & development have enabled adhesive, sealants, chemicals and paints industries to progress. New materials and legislative requirements have forced companies in this field to expand their R&D activities. Examples of eligible activities: ο Developing or creating new products or processes ο Improving the quality of a product for quicker application, reducing labouring time ο Meeting new legislative requirements ο Developing products that are cost effective and meet customer demands ο Responding to market demands such as removing / reducing toxic chemicals ο Reducing carbon footprint and developing processes and products to become more energy efficient and reduce wastage