Power & Air Conditioning Sector Statistics
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.
RECENT FEEDBACK
We’re always going to wax lyrical about our R&D Tax Credits service because we’re extremely proud of the system we’ve created. So why not listen to what our clients have to say about us instead?
Geminus have supported me with a range of my projects, and their R&D Tax Credit service makes sure that I always claim the maximum amount I can, with as little fuss as possible. They take the pain out of the administrative tasks and make it easy for me.
We used to claim R&D Credits ourselves and received around £6k each year. Randdtaxclaims explained much more than we knew, and a cheque for £41,162.84 was presented a few months later. Excellent result, service and professionalism. I would recommend them to any company.
