R&D in Biotech: Claim tax relief on your innovative projects

Are you maximising your claims potential?

Are you benefitting from valuable R&D Tax Credits?

In order to encourage investment in biotech and maintain the UK’s position as a hub of innovation in this industry, the UK government provides considerable tax relief for businesses who are innovating in this sector.

Biotech companies are well positioned to be eligible for R&D Tax Credits as innovation is constantly being performed during the development process. This tax relief can help offset costs in areas such as staff salaries, equipment, infrastructure costs, regulatory approval and clinical trials.

Examples of qualifying activity include:

  • Reformulating an existing drug to reduce side effects or dosage Developing new or improved pharmaceuticals, biologics or medical devices
  • Developing methods to increase shelf life of a product
  • Development of novel hardware and software systems for use in research and clinical development
  • Improving the manufacturing process of a drug
  • Developing new uses for existing drugs
  • Establishing a new factory or production line with the use of new technology or new manufacturing techniques

Our Expertise

Claimed for Life Science Businesses

30

Health & Pharmaceutical Claims

83

Average claim size (£)

357 000

Our Products

Our in-house team constantly monitors market develop¬ment and government funding opportunities to provide the most up-to date saving solutions. We offer support around a number of other government schemes.

  • R&D tax credit

    Supporting businesses in claiming tax relief on innovative projects.

  • Grants

    Helping cutting-edge businesses win innovation funding.

Talk to our R&D Tax specialists

Contact us arrow_outward arrow_outward