Clean Technology

R&D Tax Relief for Clean Technology Companies

Clean technology is an area for technological pioneers, where plenty of time and money is spent in development.

Claiming R&D Tax Credits can help your cleantech company reclaim some of that money spent on time and materials. Your company can receive a valuable cash benefit for technological research and development resulting in some advance either in the form of new capabilities or new knowledge.

While the term “R&D” conjures up images of men in white lab-coats, engineers working on implementation of environmental solutions can just as often qualify for R&D tax relief.

The reality is that many companies developing environmental solutions cannot simply use off-the-shelf technology and have to experiment in real-world environments to determine things like optimal water levels, growth mediums and how to minimise wastage and maximise water usage.

Some of your environmental initiatives may involve the implementation of clean technologies, such as: recycling, water purification, sewage treatment, environmental remediation, flue gas treatment, solid waste management, and renewable energy.

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Are you eligible for R&D tax relief?

  • Does your business employ less than 500 people and turnover less than £75 million?

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What qualifies for R&D Tax Relief?

There are a number of areas where we have successfully helped Cleantech companies claim for solutions they have developed or integrated. These have included grey water systems, hydroponics, renewable energy, irrigation solutions, drainage and green-walls.

Experimentation in this area can be quite labour-intensive there is usually a broad cost base that can qualify, which can include, for example, labourers.

Innovation Plus have helped many companies in the Cleantech sector make successful R&D tax credit claims and are preferred suppliers of R&D tax advice to members of the Anaerobic Digestion and Biogas Association.

Did you know?

  • Cleantech is among the UK's fastest-growing sectors and is worth over £120 billion

  • Because of its innovative nature, the clean technology sector is rich in opportunities for claiming R&D tax credits

  • Only an estimated 10% of eligible UK firms are claiming R & D tax credits