Funding innovation in construction
R&D tax credits reward your innovation
The construction sector is vital to the UK economy and Industrial Strategy, but with challenges that require innovation it is important businesses have access to funding to develop solutions. The R&D Tax Credit scheme can be a great source of funding for companies developing new or improving existing products or processes, irrespective of whether the project is successful or not.
According to the latest HMRC statistics, construction companies are claiming back an average of £63,000 in tax relief - a value that could be significantly higher. However with the sector only accounting for 5% of claims in 2017-18, it's clear that many eligible firms are still missing out.
Download our free guide and make your investment go further
- Identify the opportunities for innovation in construction
- Understand how R&D tax credits can benefit your business
- Find out what costs qualify
- Learn how to recognise qualifying activity