Datafox specialise in R&D Tax Credits for the Skincare industry
Datafox specialises in delivering R&D Tax Credits for those within the Skincare industry.
Looking for a beautiful funding solution?
The skincare industry has been growing at glowing rates in the UK since the last few years, and this trend is expected to continue in the coming years. The British skincare market is mainly dominated by facial care, body care, hand care and foot care products with a special focus on natural and organic ingredients. A leading market research company has predicted that the facial skincare industry alone will reach a whopping £1.36 billion by 2023, thanks to the continuous research and development taking place within the sector and the increasing demand for refined products that satisfy individual requirements.
As new skincare routines are introduced to and practised by women of all ages, the demand for specialised cleansing solutions and products has increased substantially, resulting in stiff competition between new and existing skincare brands. It’s an industry defined by continuous innovation and new product development, both of which are essential for meeting market demands. Several chemists and skincare specialists are involved in the R&D of a range of products including facial cleansers, face washes, wipes, day creams, night creams, body lotions, essential oils, etc. Substantial capital is also needed to develop new chemical formulae and identify natural ingredients that can help develop unique products that are safe and effective.
In other words, the skincare industry presents several opportunities for companies to make a successful R&D tax credit claim. Here are some of the potentially eligible areas:
- Upgradation or creation of new processes and software for product development
- Development of new and improved chemical and natural formulations
- Testing of new products as per the official health and safety regulations in the UK
- Identification of new ingredients and testing their efficacy
- Development of new or improved distribution methods
Datafox specialise in the Skincare industry
DataFox specialises in the Skincare industry. Our team has the necessary knowledge and experience to handle industry-specific claims in the right manner to get you the maximum potential pay-out. We will keep you informed of the progress from start to finish and process your claim on a NO WIN NO FEE basis with NO UPFRONT costs.
Skincare Industry Products
Innovation is at the core of everything associated with the skincare industry today. Regardless of the scale and stage of your business within the development and distribution process, you can claim tax credits for your innovation and new product development. Whether you are a manufacturer, wholesaler, retailer or entrepreneur with an inventive idea that is highly beneficial and unlike any other in the market, DataFox will be happy to help you get the R&D tax credit you deserve.
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.