Water and Sewage
Only 0.58% of all applications submitted under the SME scheme are related to businesses engaged in the water, wastewater, and waste sectors, according to the most recent R&D tax credit figures from HMRC. the average cost of research and development, though, exceeds £40,000.
Examples
1
Material Choice
The process of choosing materials for new goods and components frequently involves trial and error. This is because they are crucial to the finished product's structural stability. For the work at hand, some resources are inappropriate. For instance, some pressures may be too great for the material. Materials might not be suitable for building because they might be in direct competition with other materials.
The process of choosing materials for new goods and components frequently involves trial and error. This is because they are crucial to the finished product's structural stability. For the work at hand, some resources are inappropriate. For instance, some pressures may be too great for the material. Materials might not be suitable for building because they might be in direct competition with other materials.
2
Including new components
New components frequently perform as anticipated during development but act very differently once assembled. Since businesses cannot completely test their goods until all components are joined, the integration process might contain numerous technological uncertainties that need to be resolved.
New components frequently perform as anticipated during development but act very differently once assembled. Since businesses cannot completely test their goods until all components are joined, the integration process might contain numerous technological uncertainties that need to be resolved.
3
Create formulas that adhere to the requirements
The chemical or physical characteristics of a product can be directly impacted by even modest modifications such as pH or concentration. As a result, developing new formulations frequently involves extensive research and development.
The chemical or physical characteristics of a product can be directly impacted by even modest modifications such as pH or concentration. As a result, developing new formulations frequently involves extensive research and development.
4
Unanticipated Responses
The development or modification of items to function under circumstances other than those originally planned may give rise to additional technological uncertainties. Some substances may react incongruously with one another or with newly added components to the system. Such unforeseen issues will directly impact how the product operates. Therefore, more trials and studies are needed to make sure these are appropriate.
The development or modification of items to function under circumstances other than those originally planned may give rise to additional technological uncertainties. Some substances may react incongruously with one another or with newly added components to the system. Such unforeseen issues will directly impact how the product operates. Therefore, more trials and studies are needed to make sure these are appropriate.
Testimonial
Success Stories
Since we started working with PHG Finance, we have no hesitation in recommending them as an R&D advisor. PHG Finance showed a strong understanding of our industry, offered clear direction, and had quick turn-around timeframes.
They are a very personable and experienced tax staff, and I highly recommend them. They did a great job of explaining the procedure and making sure we understood the projects that qualified.
We had previously worked with another organisation for R&D, but we have discovered that PHG Finance was the best because they were supportive, amiable, and professional throughout the process.
The prompt service I received from PHG has been excellent. When their technical team contacted me, they requested all the pertinent data they needed, and I was pleased with the report they provided.