In 2016-17 there were a mere 65 claims totalling £5M through the SME scheme supporting Power & Air Conditioning businesses. In addition to these, there were 25 claims totalling less than £5M through the RDEC (Large Company) scheme. There were also a further 10 claims totalling less than £5M£ from SMEs claiming thorough the RDEC scheme*.
* SMEs may claim through the RDEC scheme where they have projects / activities which are not eligible for the SME scheme. This may include (but is not limited to) R&D subcontract work for large businesses, and projects / activities which are the recipient of certain types of grant funding.
Typical projects supporting Power & Air Conditioning businesses may include the design and development of new power systems, storage mechanisms, distribution processes and technical processes to make operations more productive.
To find out what you’re doing and have done which may be eligible for a claim, scroll to the bottom of this page and contact us for our free, no commitment, chat.
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We can help you maximise your current and future R&D Claims. We also offer a range of ep!c support options to help improve your engagement, productivity, innovation & creativity. Contact us for more details!