Datafox specialises in R&D Tax Credits for the Haircare industry
Datafox specialises in delivering R&D Tax Credits for those within the Haircare industry.
Looking for a beautiful funding solution?
The haircare market in the United Kingdom has been growing steadily over the past few years. This trend is only expected to continue in the coming years with the growth rate projected to be 3.1% between 2020-2025. Concerns and conditions related to scalp health, hair thinning, dandruff and hair loss are the primary reasons behind the increased demand for effective haircare products. This combined with the availability of a variety of haircare products such as shampoos, conditioners, hair sprays and hair oils in the market, has contributed to the growth of the industry in the country.
One of the most popular trends that is dominating all haircare, cosmetics and skincare markets is that of natural/organic products. As the awareness about potential side effects of long term usage has increased, the demand for organic haircare products that can be used for extended periods without any drastic detrimental effects has substantially increased. This has led to more R&D being conducted in order to develop innovative natural haircare ranges that can meet the changing demands of the market. Companies involved in haircare R&D invest a good sum in developing new chemical formulae and organic ingredient formulations that can be safely utilised in new product development. There is also a lot of scope for research and development in the distribution and packaging of these specialised haircare products, which requires substantial capital.
R&D tax credits are a great incentive by the HMRC that can help fund any ongoing or future R&D of a haircare innovation. Some of the areas that could be eligible to receive R&D tax credits are:
- Development of new chemical and nature-based formulations and combinations
- Testing of new products as per the official health and safety regulations in the UK
- Identification and testing of new ingredients and substances for their efficacy
- Development of new technology or software for manufacturing and marketing
- Creation of new processes and methods of new product development
- Development of new or improved packaging and distribution methods
Why Choose Datafox for Haircare industry related R & D Tax?
DataFox specialises in the Haircare industry. Our experts have helped several haircare brands make successful claims, and can use their experience, skills, and knowledge to get you the maximum potential cashback for your haircare innovation. You will always be kept in the loop from beginning to end, and your claim will be handled on a no-win-no-fees basis.
Haircare Industry Products
The haircare industry is constantly evolving with innovative products being introduced in the market every other day. If you have developed an innovative haircare product that is unique and can fulfil the market demands effectively, you can claim R&D tax credits from the HMRC. Whether you have already finished the new product development process and are already close to distribution, or still in the middle of R&D and production, we can check your eligibility and help you make a successful claim.
Ready to apply?
If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.
By completing the above contact form you consent that Datafox can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
Stuff you need to know
Find out how DataFox recently helped Five Dot Botanics receive funding for their innovative cosmetics through the R&D Tax Credit scheme.read more
Learn how R&D is driving innovation in the motorsport industry and other important sectors.read more
Find out how small businesses can benefit from the government’s R&D Tax Credit Scheme.read more
SKNHEAD Case Study – Impossible Made Possible
Innovation and versatility are not easy to achieve when it comes to cosmetics, but SKNHEAD managed to attain both in their exclusive range of unique male skincare and grooming products. Developed with tireless precision by celebrity hairdresser Adee Phelan, the SKNHEAD range includes a variety of grooming essentials for men such as a shampoo, styling clay, a toner, hair pomade, a hair styling spray, a foaming cream and the most cutting-edge 4-in-1 skin moisturising and hair treatment cream designed to work on tattooed skin, face, beard and hair.