Farming is a vital industry as it produces supplies required to maintain life, such as food, medicinal plants, and horticultural crops, amongst others. According to government figures, the industry continues to grow with total croppable hectarage and overall livestock numbers in the UK increasing year-on-year.
Despite the fact that a large number of farmers conduct research and development in order to increase productivity, and thus maximise and sustain profits, the industry only makes up <1% of all R&D tax relief claims. This means that significant sums are unclaimed every year by companies within the agricultural and farming industry.
Minerva Innovation Group Ltd have worked with a large number of farmers including vegetable and dairy farmers. Due to our strong academic background and vast experience within the industry we are able to understand your technical activities on a detailed level which allows us to maximise your financial benefit. We offer a quick turnaround, allowing you to continue focusing on your day-to-day business duties.
Examples of technical activities which have previously qualified for R&D tax relief include:
Developing methods to maximise crop yields
Developing methods to maximise the performance of livestock