Jumpstart – Maximise the opportunity from Research and Development Tax Relief and Patent Box
Jumpstart is a science and technology business, specialising in Research and Development Tax Relief, Patent Box and Innovation Funding Consultancy
These valuable funding streams are open to all businesses within the Rail supply chain/sector so long as there is a degree of technological advance and technological uncertainty associated with your innovation/development projects
The R&D Tax Relief scheme exists to encourage technological advance and will pay back up to 27% of costs incurred in qualifying projects such as staff, subcontractors, consumables, software and further research or trial activity. Both profit and loss making businesses can apply for the scheme. The scheme can also be applied to successfully commercialised projects as well as those resulting in commercial failure or non-commercialisation.
Since 2008, Jumpstart has identified £585M of eligible R&D expenditure for clients, and has achieved £104M in tax benefit paid back to clients. All of our clients remain with their existing professional advisers, but acknowledge that claims for R&D Tax Relief call for our market leading technical expertise, and know that our expert support unlocks their time to focus on what’s important – business growth.
Eligibility for the R&D Tax Relief scheme is evident in a wide range of businesses – these could be business in the Manufacturing/Engineering sector, as well as a wide range of other sectors. Businesses carrying out ‘Internal Improvement Projects’ may also qualify for the scheme – eg: a business developing software to help with the management or automation.
If any of the following examples are relevant to your business, then please send me an email and I would be delighted to discuss your projects further.
- Improvements to product, manufacturing processes or welding qualifications: making them faster, more efficient, and safer
- Developing innovative applications for existing products or processes (or complying and adapting to new legislation
- The design, manufacture and testing of prototypes
- Improvements to material properties, such as increase in yield or tensile strength, increase in toughness, corrosion resistance, and resistance to fatigue
- Increasing performance, strength, dimensional stability, etc
- Improving the environmental impact: e.g. reducing material usage, waste, emissions, and energy consumption
- Introducing effective design for manufacturability (DFM) in order to facilitate the manufacturing process
- Designing equipment to operate in harsher conditions than industry standard: e.g. higher / lower temperature, higher pressure, exposure to harmful chemicals, etc
- Design and manufacture of robust and durable tooling and fixtures, facilitating the achievement of tight dimensional tolerances for complex geometry components utilising exotic materials
- Introducing effective failure modes and effects analysis (FMEA), for identifying all possible failures in the product design, manufacturing or assembly process, alongside improved methods of physical testing of new product / component designs, e.g. non-destructive testing techniques
- The integration of components, machinery and / or processes, advancing the technology to ‘above industry’ standards