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R&D Tax Credits  in Food Manufacturing

 

 

 

 

 

 

R & D Tax Relief for Food & Drink Manufacturing Businesses

Food manufacturing is one of the key areas in which Growthviser specialises, due to the in-depth knowledge of its team.  This knowledge spans the whole of the food journey, from R&D conceptualisation or farm and field sowing and rearing, to final arrival on the shelf of retail outlets, supermarkets and specialist delicatessens.

Innovation in the food manufacturing sector is dynamic, as the UK responds to the growth of veganism and the consumer demand for plastic-free packaging and an end to unnecessary food waste.  Growthviser’s team is ideally equipped to assist any food manufacturer, if the business is set up as a Limited Company and innovating in any way.  This could be through launching new products, developing cutting-edge solutions to suit the sector’s requirements, or by introducing new processes or novel methodologies.

Whether it is from food manufacturers with plant-based products designed to match vegan food preferences, or distilleries or craft brewers creating the next big thing in the spirits or ales sectors, the potential for R&D tax refunds within the food manufacturing sector is huge. 

However, many claims are never created and submitted, due to a lack of knowledge about R&D tax reclaims and because many possible claimants do not have the time or financial skills to collate a claim, or know where to find a professional R&D tax reclaim expert who can assist.

Sylvia Barton is Growthviser’s highly accredited food-sector specialist, bringing three decades of experience to the team. She fully understands and has herself shaped the legislative and testing framework within which food manufacturing needs to take place and is highly experienced in all aspects of food manufacturing R&D and compliance.  Her input with food manufacturers’ R&D tax reclaims is invaluable.

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Send me more info on R&D Tax

If you are a food manufacturer who would like to claim back up to 33 pence in the Pound on the money spent on putting your innovations into practice, please call Growthviser on 0844 549 9400 or use the form here.

Food Manufacturing Support

This is a very in-depth and specialist service offered by our food expert Sylvia and engineering expert John, which has been created in response to the demand for the clients with whom they have been working on ‘growth journeys’.

The service provides food production and manufacturing companies with a technical consultancy that can be delivered in various areas of their business, whether that be quality control, food legislation, recipe formulation, new product development, manufacturing procedures and processes, or health and safety issues and legislation.

Channelling years of experience in this sector, Sylvia and John can add value to food production scenarios like these, helping businesses navigate post-Brexit and pre Agricultural Bill situations, ensuring they keep abreast of market trends and consumer preferences, whilst always safeguarding consumers and employees.

WE CAN HELP YOU WITH GRANT APPLICATIONS

 

Growthviser has designed a Hazard Analysis & Critical Control Point (HACCP) Risk Assessment template for its Food Manufacturing clients.

HACCP is a risk assessment approach, originating in the food industry which measures and assesses physical, chemical and biological hazards, A copy of the food safety risk assessment can be downloaded using the link below.  

Download Template

CONSULTANCY-GVS Growthviser Brand Icons 10.03.2021 - SUPPLY V2-05 (002)CASE STUDY

 

LAKE DISTRICT FARMERS

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For top Michelin restaurants and fine dining establishments around the country, the name Lake District Farmers is synonymous with quality. The group of around 50 farmers, who join by invitation only, proudly declare they produce the world’s finest beef and lamb, reared by farmers who care about their livestock and who are committed to creating a quality product. Delivering meat that is judged only by the best of the best, has been an evolving process, based around traditional farming methodologies but with an infusion of innovation besides. Without this, discerning diners around the UK would not be able to enjoy the finest Herdwick lamb and mutton, native breed beef and naturally raised pink veal. The innovation woven into Lake District Farmers’ ways of handling and rearing livestock, in ways that have continually maintained the excellence of the meat produced or improved it, have taken considerable resource and dedication, both of which come at a cost. However, a third of such a cost can, in many cases, be reclaimed by the business, if it is a Limited Company. By working with Darina Ward at Growthviser, an R&D tax reclaim submission was researched, prepared and submitted to HMRC. The result was a rebate of a significant size, which Lake District Farmers can now plough back into their business. Learning that innovative approaches to business qualify for financial rebate and reward has been a financially valuable one for the committed Cumbrian business. The fact that such an outcome is possible was also an eye-opener. Speaking on behalf of Lake District Farmers, Managing Director, Dan Austin says: “We had no idea that we could be eligible for the R&D tax reclaim scheme or even that such a scheme existed. Meeting Growthviser was a real bonus for us, as we were unaware that innovation could be rewarded in this way, through the legitimate tax system and not a loophole. “Darina worked diligently and professionally to prepare our claim in the language that HMRC understands, bringing her past experience to bear on it. We are sure there are many other Cumbrian businesses that could benefit from her skills in analysing a situation and preparing a claim, if clear innovations have been introduced to the market.” Darina Ward says: “Farming is an area in which many innovations take place and I believe there are many other members of the farming community who should be looking at making an R&D claim that will bring money back into their businesses. “We are able to not just look at the current tax year but go back two accounting periods, so even if the investment in R&D has not been recent, we may still be able to submit a claim, if the situation is a valid one.” To talk to Growthviser about this, businesses should call  0844 549 9400.

 

 

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What our Clients say

LAKE DISTRICT FARMERS

We had no idea that we could be eligible for the R&D tax reclaim scheme or even that such a scheme existed. Meeting Growthviser was a real bonus for us, as we were unaware that innovation could be rewarded in this way, through the legitimate tax system and not a loophole.
“Darina worked diligently and professionally to prepare our claim in the language that HMRC understands, bringing her past experience to bear on it. We are sure there are many other Cumbrian businesses that could benefit from her skills in analysing a situation and preparing a claim, if clear innovations have been introduced to the market.

Dan Austin
Lake District Farmers Managing Director

KENDAL NUTRICARE

Growthviser has been working with Kendal Nutricare and handling our R&D claims since 2016. This has been a great success and has enabled our business to invest more money in research and development, to continually raise the bar in each market segment we trade within.
“Throughout our working relationship, Darina has always been very professional, ethical and hardworking, so it was no surprise to find that her due diligence with our R&D tax claims has resulted in positive outcomes for our business.  

Ross McMahon
CEO of Kendal Nutricare

LAKE DISTRICT FARMERS

We had no idea that we could be eligible for the R&D tax reclaim scheme or even that such a scheme existed. Meeting Growthviser was a real bonus for us, as we were unaware that innovation could be rewarded in this way, through the legitimate tax system and not a loophole.
“Darina worked diligently and professionally to prepare our claim in the language that HMRC understands, bringing her past experience to bear on it. We are sure there are many other Cumbrian businesses that could benefit from her skills in analysing a situation and preparing a claim, if clear innovations have been introduced to the market.

Dan Austin
Lake District Farmers Managing Director

Market Sectors

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Research and Development Tax Relief for Farmers?

If you are a SME limited company and you carry out research and development, you can claim back tax and even get paid by HMRC.

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Tax Relief for Innovation in Manufacturing & Engineering

Innovations in manufacturing and engineering come in many guises, from projects tackling improvements in operational efficiencies to those focused on enhanced yields.

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Working in Partnership with Accountancy Firms

Accountants, wishing to provide clients with added value, without having to tackle R&D tax reclaims themselves, can partner with Growthviser, knowing the tax consultancy will take good care of the clients they refer.  

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