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R&D – Engineering

Sector – Engineering
Company Size – £0.5m Turnover
Qualifying Costs – £69,947

Our client is a steel fabrication and engineering company.

What type of work does the company do?
Our client offer a one stop solution for all structural steel design, fabrication and installation within a wide range of industry sectors.

What R&D work was completed?
In the year under review, they developed the substructure for the world’s first grid connected offshore tidal energy turbines and developed prototype wave energy converters.

What was the outcome?
As a result of the R&D claim, our client received tax savings of £22,933.

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