Current Insight
"The reality is many companies feel as if they need to be the next Google and develop cutting edge technology to access R&D Tax Credits. Little to their knowledge, the R&D scheme requires a company to 'overcome technical uncertainties' whilst 'seeking an advance in science or technology'. Therefore, it is a lot broader than what people think. At BourkeHood, we are on a mission to deliver and simplify this process to as many companies as possible."
Booming sectors of engineering include:
Architecure
Automation
Aerospace
Civil Engineering
Manufacturing
Mechanical Engineering
Eligibility Criteria
The engineering sector is broad and can span across different industries. R&D could occur in any project where you attempted to resolve scientific or technical uncertainty and sought to advance in your field.
Qualifying areas include:
- Designing functions aimed at improving performance, reliability, quality or safety requirements,
- Development or improvement of construction equipment, technology, infrastructure etc.
- Developing new or improved systems for heating, air conditioning, etc.
- Materials engineering and design,
- Engineering, design and production of safety equipment,
- Developing tests to check and model performance of machinery or technology in different environmental conditions,
- Capacity analysis and assessment of equipment to meet demand,
- Improving existing products in innovative ways.
