An East Yorkshire manufacturer of farming disinfectants has cleaned up more than £20,000 to plough back into research thanks to Jumpstart R&D Tax Credit experts.
Biolink of Pocklington, manufacturers and markets a range of DEFRA approved disinfectants, fungicides, vitamins, cleaners, descalers and water treatment products.
Working with highly specialised chemicals, Biolink knew of the benefit of R&D tax credits but had not claimed because they were unsure of their eligibility. The company also lacked the manpower to complete the necessary paperwork.
“Because of the specialist nature of some of the chemicals we work with it can be complex and demands people who understand what counts as technical uncertainty,” explained Paul Richardson, operations director for Biolink.
“Our accountant knew it could be beneficial but they aren’t R&D tax credit experts so suggested we get in some specialist help.
“Jumpstart has a team of dedicated technical specialists for eligible sectors. They knew immediately what we were trying to achieve and were able to guide us through the whole process. Because some of our research can take years to come to market they advised us on claiming for consecutive years while that research was ongoing.
“In our first year they guided us through the whole process. They understood our research, our sector and flagged up things such as people’s time that we would never have included. At the same time because Jumpstart has a relationship with HMRC they get the claims right first time so you feel confident you are compliant.”
“Jumpstart talk our language. In our first year they managed the whole process for us and saved us in excess of £20,000 which we have been able to plough back into research and development,” he added.
While manufacturing from their Yorkshire base Biolink export their agricultural disinfectants used in animal farming to 17 countries.
Nicole Ballantye is Client Engagement Manager for Yorkshire and the Humber, she said: “Biolink illustrates that R&D tax reliefs are relevant across a wide range of sectors, and not confined to science or technology-based enterprises.
“The UK has been, and continues to be responsible for some of the greatest innovations in the international arena, so it is extremely important to encourage businesses to innovate, to maintain Britain’s world-lead in many sectors.”
Click here, for further information about Biolink
