Datafox specialise in R&D Tax Credits for the Lighting industry
Datafox specialises in delivering R&D Tax Credits for those within the Lighting industry.
Looking for an amazing funding solution?
The lighting industry has seen steady growth in the UK over the last few years. Thanks to an increased demand for customised, energy-efficient, and creative lighting fixtures, the lighting market has been glowing bright, with more advanced and efficient products being manufactured and imported than ever before. So much so, that the sales value of electrical and lighting equipment in the UK is estimated to be more than £1.26 billion, while the export value of electric lamps and fittings is estimated to be over £35M. This rapidly-growing industry is heavily dependent on continuous research and development to consistently produce advanced fixtures that meet the changing demands of the market.
One of the biggest challenges that the lighting industry faces is the creation of fixtures that are uniquely designed, provide optimum output, are energy-efficient and are highly customised for the space they’re meant for. This requires extensive conceptualising, research, and technological innovation to deliver the desired results. Developing bespoke lighting fixtures also often requires upgradation of existing manufacturing processes and standard industrial designs in order to produce high-quality products that provide exceptional aesthetics, functionality as well as safety. This kind of sustainable research and development requires substantial funding so that new technologies can be applied to existing as well as new product development.
The HMRC’s R & D tax credit scheme is designed to help those within the electrical and lighting industries gain valuable capital to continue their ground-breaking research in this innovative, fast-moving sector. If your business has been involved in any of the following, you may be eligible to make an R & D Tax Credit claim:
- Development of bespoke, cost-efficient products
- Upgradation of existing manufacturing processes
- Production of energy-saving lighting fixtures that reduce the carbon footprint
- Improving the design and efficiency of existing products to give better output
- Manufacturing customised and unique electrical fittings unlike any other in the market
- Development of improved distribution methods
Datafox specialise in the Lighting industry
Datafox are experts in making successful R & D tax credit claims for those within the Lighting industry. We provide a dedicated expert for each of our claims in order to ensure that our clients receive the maximum potential cashback for their innovation. You will be kept informed about your claim from beginning to end and it will be processed in a proactive and timely manner, on a NO WIN NO FEE basis WITHOUT ANY UPFRONT COSTS.
Lighting Industry Products
Innovation and R & D are paramount to the advancement of the electrical and lighting industries. Businesses that are involved in the development of bespoke lighting solutions could be eligible for claiming an R & D tax relief, regardless of the scale and stage, within the development and distribution process. DataFox has helped several manufacturers, retailers, wholesalers, and local businesses involved in developing innovative electrical fittings make successful R & D tax credit claims and can help your business get rewarded with substantial funds too.
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.
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