Aquaculture & Fishing

Claim Your Benefits

Innovating Aquaculture for a Competitive Edge

InnoFund realise that our aquaculture clients must innovate to get a competitive edge we have worked with fish farms, shellfish cultivators, off-shore fishing firms and Aquaponic Integrators we take a dive into what companies in this space can claim for and what the benefit could look like.

Qualified Projects

What Qualifies as R&D in Aquaculture and Fishing?

R&D tax relief occurs when firms seek to make an advance in a field of science or technology whilst overcoming technological or scientific uncertainties. Typical projects that may qualify for R&D Tax relief include:

Innovating new breeding techniques to improve yield or address specific environmental challenges.

Developing new/appreciably improved methods for fish farming that involve overcoming technological/ scientific challenges.

Researching and developing new materials for fish farming equipment that offer improved performance, sustainability, or cost-efficiency.

Designing, developing, testing and implementing new materials/ components/ machinery in aquaculture.

Developing/appreciably improving existing techniques for reducing the environmental impact of aquaculture activities.

Researching and developing energy-efficient methods and technologies in fish farming.

Medical studies aimed at improving the welfare of workers working within aquaculture operations.

Developing new systems to monitor and manage safety in fish farming environments.

Designing, developing, testing, implementing new digital technologies and adapting existing digital technologies like automated feeding systems to improve operational outcomes.

Developing novel software solutions for managing aquaculture processes or improving efficiencies.

Studying water quality risks and creating new/adapting existing systems/processes to address the risks.

Developing techniques for integrating renewable energy sources into fish farming projects.

Streamlining aquaculture processes through integration of non-aquaculture sector equipment or appreciably enhancing existing equipment or introducing new equipment to existing processes.

Scientific study of the behaviour of fish stock and developing new fish stock management techniques that involve significant technical challenges.

Creating and testing prototypes for new/improved aquaculture methods, processes or materials.

Our highly qualified tax and technical consultants are here to help you

What we do for you

How We’ll Support You

InnoFund is a construction R&D Tax specialist. We utilise industry experts, PhD engineers, construction managers 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

Partnering with InnoFund gives companies a unique opportunity to utilise SecureRD™, our proprietary solution which we believe is the safest way to claim R&D Tax. We add value to clients by leveraging InnoFund’s expertise in both R&D lifecycle management and R&D Tax Credits, act today to maximise the success of your future R&D claims from services such as:

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

Additional Incentives and Support

Aquaculture businesses should explore all R&D incentives, from tax credits and grants for product development work to Research and Development Allowances (RDA) for capital spend on prototype systems 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 claim preparation process.

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Turn insight into action

Get in touch with us today, and one of our experts will contact you to let you know the next steps.