Innovation has its rewards, but it comes at a price. We recognise that, while we can offer a broad range of industrial insulation solutions and products, including specialist prototyping, many businesses need financial support to get to the stage where they can initiate these developments. Research and development (R&D) can be a fantastic way of not only growing your own business, but also growing your industry. But it can be costly. Tax breaks for R&D is a vital part of it, and a huge incentive for many.
For SMEs and others to
unlock innovation, they must first be able to identify which research and
development (R&D) costs are eligible for tax breaks and funding.
What are the questions that drive business success? For many, innovation will the way that they can differentiate themselves and gain a competitive edge. To do this, they must be able to harness the potential of effective research and development, or R&D.
Research and development, R&D, can be the key to unlocking greater competitiveness for companies, whatever their size. Investing in R&D is what drives advances in innovation, and innovation is one way for a business to differentiate itself the marketplace. Is R&D worth the investment though?
R&D is where businesses can develop new products, or enhance existing ones and, through vigorous testing and prototyping, prepare them for market.