Personal Care and Anti-Ageing
Datafox specialises in R&D Tax Credits for the Personal Care and Anti-Ageing industry
Personal Care and Anti-Ageing Industry
Datafox specialises in delivering R&D Tax Credits for those within the Personal Care and Anti-Ageing industry.
Looking for a great funding solution?
With the increase in demand for natural products, the personal care market has seen a boom with the introduction of innovative organic products for all purposes. A lot of research is being conducted in the area of anti-ageing cosmetics, particularly involving organic ingredients such as marine collagen, among others. The global Marine Collagen market alone is projected to grow at a CAGR of 7.35% between 2020 – 2025. Since safety and efficacy are two important issues related to personal care products and cosmetics, all businesses within this industry are required to conduct vital R&D. Any kind of research and development undertaken to produce, manufacture, test or distribute personal care products can be eligible to receive R&D Tax relief from the government.
Several businesses that are involved in such R&D within the personal care and cosmetics industries, especially those being developed with free-from, organic ingredients, are missing out on thousands of pounds worth of R&D Tax credits each year. Due to a lack of awareness about what qualifies as innovation, these businesses often spend thousands on research and development and often run out of capital for continuing their pioneering work. That’s where R&D Tax credits come into the picture! Here’s an example. Your company is involved in the extraction of marine collagen from animal sources and using it to produce effective anti-ageing skin and joint products. There are several innovative procedures and techniques you need to employ in order to make the most effective and safe marine collagen product in the market. These techniques will most likely cost exorbitant amounts. If your research qualifies as being innovative and eligible for R&D Tax relief, you can have the funding to continue this research, within 6 weeks!
If your business has conducted research and development within the personal care or anti-ageing industry, regardless of the outcome of your work, you could still stand to receive considerable cashback. Unsure about your eligibility? Here are some areas within the personal care industry that may qualify for R&D Credits:
- Development of new products or processes
- Using innovative, organic ingredients that have not been used or combined before
- Developing new extraction, production, and manufacturing techniques for new product development
- Improving the efficiency of existing products to make them safer and more effective
- Testing products in line with health and safety regulations and strict legislation of UK
- Developing processes and products such that they reduce the carbon footprint and minimise wastage
Why Choose Datafox for Personal Care & Anti-Ageing Industry R&D Tax Claims?
Datafox specialises in the personal care and anti-ageing industry. Our expert team of R&D Tax specialists have worked with other businesses within this industry and helped them receive maximum pay-out for their innovation. We will accurately write and process your claim and keep you informed of the progress at every stage. Datafox can guarantee you complete peace of mind because we work on a no-win-no-fee basis with no upfront costs.
Innovative Personal Care & Anti-Ageing Products
Personal care and anti-ageing products belong to a niche area of cosmetics and involve considerable research before they can be manufactured on a large scale. With Datafox, no matter where you are within the development or distribution process, you will be able to make a successful R&D Tax credit claim for your innovative product. Our friendly team is always happy to check your eligibility and then write a powerful claim for your business. To learn more, contact us today!
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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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.