Tax Incentives & Innovation funding in Pharmaceutical & Chemicals

Claiming R&D Tax Credits and innovation funding the right way!

Pharmaceutical & Chemical - R&D Tax Credits and Innovation Funding

Pharmaceutical and Chemical companies are some of the traditional R&D companies, advancing science and technology tirelessly. Did you realise that those issues you’re dealing with in the pilot plant relating to raw material variability, or unexpected results when scaling up formulations, could all be eligible for R&D tax incentives and innovation funding?

Your preferred partner for R&D Tax Credits and Innovation Funding

The chemical industry encompasses a broad range of products and applications across multiple sectors, utilised by consumers in every business segment. This includes raw material production in manufacturing and in the pharmaceutical industry. With increasing competition worldwide, innovation remains crucial in finding new ways for the industry to satisfy its increasingly sophisticated, demanding and environmentally conscious consumers.

In the United Kingdom, companies in the pharmaceutical and chemical industries can claim Research and Development (R&D) tax credits for a wide range of activities related to the design, development, and commercialization of new pharmaceuticals, chemicals, and related technologies.

Some examples of eligible activities include:

Developing new or improved drugs, therapies and vaccines
Developing new or improved chemical processes and materials
Developing new or improved methods for drug delivery and formulation

Developing new or improved analytical and testing methods
Developing new or improved software systems for use in the pharmaceutical and chemical industries
Designing and testing new pharmaceuticals and chemical products
Developing new or improved methods for clinical trials

To qualify for R&D tax credits, a company must be a UK-based business and the R&D activities must be related to the company’s trade. The R&D must also seek to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty.

The amount of credit a company can claim depends on the size of the company and the nature of the R&D activities. For small and medium-sized enterprises (SMEs), the credit is worth up to 33% of the R&D costs. For large companies, the credit is worth up to 10% of the R&D costs.

Your preferred partner for R&D Tax Credits and Innovation Funding

Why choose us

Expert Advice

As specialists in R&D tax credits, our advisory team is dedicated to keeping up with the most recent regulations established by HMRC. With their continuous efforts, you can feel confident in the expertise and accuracy of the advice they offer.

Personalised Service

We provide customised guidance and support throughout the R&D tax credit claim process, tailored to each client's individual needs and objectives.

Strategic Approach

We develop and execute a strategic approach for R&D tax credit claims with the aim of maximising benefits and reducing potential risks.

Sector Specialists

Our team of 100+ sector specialists understand the unique challenges and technologies used in a wide variety of industries.

Professionalism

We are committed to adhering to ethical standards and industry regulations, with the goal of fostering trust and confidence in our clients and establishing long lasting relationships.

Integrity

Integrity is a fundamental principle that guides all of our operations. This includes a commitment to honesty, transparency, and consistency in all of our business dealings and interactions within all our clients.

Our clients success stories

One of few agents in the field who deliver everything as promised. Professionalism and service at the top end of the scale, faultless delivery with exceptional results. Looking forward to working with this team again in future, a huge thank you to my dedicated handler within the team; Mr Naim Mahmud, theres not a single hurdle that he could not overcome, he is confident in every manner. Highly recommended!

Nicola and Bertie were of great assistance throughout the whole process. All queries were answered in "layman's terms" and they were up front about everything and no hidden charges. Received our payment a few weeks ago accompanied by relevant paperwork. Very professional all round. Would highly recommend.

Tahira, put us at ease straight away. Really professional, friendly and took away all the hard work from us by contacting our accountants so we didn’t have to. I was worried the process would be difficult and stressful but Tahira handled everything so that I could focus on my business. I couldn’t recommend her enough.

From start to finish, Isaac has been absolutely fantastic. Isaac made the R & D claim effortless and easy which is exactly what we needed. The nursery saved almost £70,000.00. That has given us a real competitive advantage and the opportunity to reinvest it into the business. We are genuinely over the moon with the service. I would strongly recommend getting in contact with Isaac! Thank you, Rorie.

Absolutely over the moon! I knew I would get some return working with RDI Solutions but I didn’t expect this much. Amazing service and I got my payout quicker than expected. It was a smooth and pleasurable service from beginning to end. Thank you so much! Would gladly recommend their services.

Tahira, at RDI was brilliant from the start of the process until the check was in the bank. Knowledgeable, competent and very professional. I cant praise her and the team highly enough. The result for my company was incredible. I would certainly have no hesitation in recommending. Tahira, and the team at RDI.