Our engineering clients are a similar bunch; they work hard to solve people’s problems and just don’t realise how inventive they are.
They do this almost every day by applying innovation and new design techniques to come up with new or different ways to resolve engineering or production problems.
Like a lot of British engineers, they don’t see this as anything special. We t̷h̷i̷n̷k̷ know it is! It’s what has given this country its technological edge and put us at the front of engineering innovation for centuries.
How do engineers fund this problem solving? Normally, it comes out of their own pockets because clients only buy the end solution when it’s solved. It’s the engineering company that takes the risk and essentially self-funds the problem solving for the wider market.
When we tell our clients that the taxman gives them cash back for such problem solving, we have a real problem convincing them – surely if it’s too good to be true . . . it’s too good to be true! But it’s real. In fact, after informing one business owner on the potential cash back he was due, he did a rather good impression of Victor Meldrew as he exclaimed “I don’t bloody believe it!”
Well, six months on and the company have received a substantial cash rebate from Mr Taxman. Well over £100,000 in fact. All just for doing the day job they always do. Better still, they’ve re-invested this cash into new machines, which in turn has increased their capability while reducing costs.
There are literally thousands of engineering companies just like them, and if you’re solving design problems, you’ll be due this government incentive cash too. We would love to help more engineers and manufacturers and it doesn’t matter whether you are in profit or loss.
Check out our website for more information www.breakthroughfunding.com or ring one of our experts on 0800 772 0800, and they’ll be able to tell you if your company is eligible.