R&D Tax Credits for the Food & Drink Industry

Many food and drink businesses are missing out on valuable R&D tax credits that could significantly reduce innovation costs. Whether you’re developing new recipes, improving packaging, or enhancing production methods, your business could qualify for substantial savings.

Only a fraction of eligible R&D costs are claimed, leaving significant opportunities untapped.

At Lumo, we understand that innovation extends far beyond traditional laboratories.

Whether you’re experimenting with new flavours, optimising production processes, or enhancing packaging solutions, your efforts in the food and beverage industries may qualify for R&D tax relief.

Innovating in Food & Drink? Claim R&D Tax Credits

R&D isn’t just for science labs—if your food and drink business is creating new products, improving existing ones, or innovating processes, you could be eligible for R&D tax credits.

Eligible R&D Activities in the Food & Drink Industry:

As a food and drink business, numerous activities can qualify for R&D tax relief, including but not limited to:

• New Product Development: Experimenting with new recipes or food products? You may qualify for R&D tax relief.
• Packaging & Storage Innovations: Improving packaging to extend shelf life or reduce environmental impact can be considered R&D.
• Production Process Optimization: Enhancing production techniques or integrating new machinery may also be eligible.

Don’t let valuable opportunities slip away—let Lumo guide you through the R&D tax credit claim process for your food and drink business.

Expertise That Makes a Difference

Making a successful R&D tax claim requires more than just identifying eligible activities. It demands a thorough understanding of HMRC guidelines and the ability to articulate how your projects meet the criteria for relief.

Our team at Lumo specialises in navigating the complexities of R&D tax credits for food and drink businesses. With our expertise, we can help you make the best strategic use of R&D Tax Credits.

Exploring Eligibility

From ready meals to allergen-free alternatives, every aspect of food and drink development presents opportunities for R&D tax relief.

Whether you’re a small-scale producer or a larger enterprise, there are avenues for claiming relief that can significantly impact your bottom line.

By leveraging R&D tax relief, you’re not only reducing the cost of innovation but also fuelling the growth and competitiveness of your business.

Let Lumo be your trusted partner in harnessing the full potential of R&D tax credits for your food and drink ventures.

Connect with Us Today

Ready to take advantage of R&D tax relief for your food and drink business? Our expert team at Lumo is here to guide you through the process and tailor our services to your specific needs.

Together, let’s drive innovation, growth, and success in the dynamic world of food and drink. Don’t let valuable opportunities slip away – reach out to Lumo and embark on a journey of financial empowerment and innovation today.