Construction
Adapt and Lead
R&D Investment: Key to Future Success
Brexit, the COVID-19 pandemic and the war in Ukraine has led to increased inflation, rising procurement costs, a shortage of skilled labour and high salary overheads which is likely to persist in the short to medium term.
Reinvesting in R&D may seem counterintuitive when operational costs are high, however it is crucial for maintaining market share and preparing for growth when the economic climate improves. R&D can provide significant cash benefits which can be a lifeline in this economy helping to buffer for unexpected salary and material cost increases or companies facing administration/liquidation as well as helping ambitious companies to achieve key business goals such as hiring more staff, training and growing through marketing.
Construction Sectors
What Qualifies as R&D in the Construction sector?
A construction company may be eligible for R&D Tax relief if they have undergone a project attempting to overcome technological or scientific uncertainties while seeking a scientific/technological advance.
As a construction sector specialist, our engineers and scientists have quantified qualifying activities that fall into the following categories.
Explanation
Which Businesses in the Construction Sector Often Qualify for R&D Tax Credits?
- Listed/heritage buildings
- Sustainable construction
- Award winning projects for example BREEAM outstanding accredited commercial projects
- Offsite and modular construction
Innovation drivers do not have to be purely technical, but if the solution involves technical or scientific challenges, it may qualify for R&D tax credits and this relates to all trades from main contractors to design leads like consulting engineers and architects and down to specialist subcontractors such as M&E, fire, acoustics and demolition engineers.
What we do for you
How We’ll Support You
Our R&D tax team specializes in aquaculture and fishing. We utilise industry experts, PhD engineers, construction manager, ex-HMRC inspectors and a Chartered Accountant to ensure a comprehensive review of your projects. Our services include:
Identifying the appropriate scheme for your business.
Conducting a comprehensive review of your R&D activities to maximise your claim.
Taking the burden of report writing to free up your time.
Preparing a claim that minimises the potential of losing tax benefits if HMRC queries are raised.
Offering unrivalled HMRC dispute resolution headed by one of the UK’s leading R&D Tax compliance expert.
Protect and Prosper
Safeguard Your R&D Tax with InnoFund
01
Analysing previous R&D and benchmarking it against the baseline of your industry
02
R&D lifecycle management consulting and R&D road mapping to increase your chances of innovation and the size and security of R&D claims in the future
03
Safeguard future R&D relief by strategically reviewing your current operations to maximize benefits under available R&D funding options.
04
Visualise the value of a future tax benefit with upcoming R&D projects and allow commercial teams to tender for work more competitively
Complete R&D Solutions
Value Added - Beyond R&D Tax
Construction businesses should explore all R&D incentives, from tax credits and grants for upfront design and product development work to Research and Development Allowances (RDA) for capital spend on prototype structures, and patent box for sales or licensing of protected technology. We also help identify other sources of R&D support and plan your R&D strategy, considering available incentives and grants. Our holistic approach ensures continuous support throughout the business lifecycle, not just during the claim preparation
