Environmental

R&D in Environmental

Innovation and new approaches are essential to mitigating our impact on the environment, which makes research and development (R&D) an essential part of many companies’ sustainability efforts.

 

Technological advancements often come about as a result of efforts to improve efficiency and reduce our contribution to climate change. But these efforts can be costly, and the R&D tax credits scheme is designed to compensate companies that invest in innovation.

 

Energy, waste management and manufacturing firms have all benefited in some way from environmental R&D tax relief, with qualifying projects ranging from new irrigation solutions to the development of alternative power sources. As awareness of the need for more environmentally conscious approaches grows, so too will opportunities for investment in projects that are eligible for tax credits.

 

Examples of eligible activities

 

  • Developing systems to meet new regulations
  • Creating more efficient automated processes
  • Improving the energy efficiency of systems
  • Experiments with more sustainable materials
  • Developing low-carbon fuel alternatives
  • Redesigning processes to reduce emissions