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Life Sciences
We work with clients in biotechnology, life science, scientific services and consultancy companies, recovering substantial sums that can be used to fund future research and development projects.
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R&D Tax Relief in the Life Sciences Industry
Despite uncertainty in global financial markets and around the impact of Brexit on R&D funding, the labour market and the regulation of medicines, the UK’s Life Sciences sector has continued to be global leader in research and innovation for Life Sciences, in diverse fields such as biotechnology, agri-tech, animal and veterinary sciences, medicine, medical diagnostics and medical devices.
The Government wants to ensure that the UK is a world-class centre for discovery, development, manufacture and adoption of Life Science innovations, and maximises the rewards and benefits available to companies involved in the sector.
Most life science companies tend to rely heavily on fiercely competitive grant funding to carry out the research projects upon which their commercial ventures are based, and as a result, often don’t consider claiming R&D tax relief as an additional source of funding for their projects.
However, the very clear role of R&D in the industry means that HMRC’s R&D tax relief scheme is one of the most reliable funding mechanisms they can utilise. And once companies realise that, with the right partner such as Visiativ by their side, claiming need not be time-consuming and complex – it becomes a ‘no brainer’.
Examples of qualifying activity for R&D tax relief
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✓ Development of improved formulations/reagents/ products.
✓ Design and development of new drugs, drug compounds, and medical devices.
✓ Development of new applications for existing drugs or new methods for drug delivery.
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✓ Reduction of environmental impact.
✓ Resolving issues associated with scalability.
✓ Improving shelf life and/ or stability of a product.
✓ Adapting processes to comply with new regulatory standards (e.g. Iso standards).
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✓ Improved test methods and/ or analytical tools to increase sensitivity, specificity, range, accuracy, reproducibility and/or repeatability of assays.
✓ Design and development of manufacturing processes or development of new technologies to improve existing processes
Our customers say…
Our commercial success depends on the technology we use and the advances we make. The R&D tax credit system helps us stretch our technology further and faster and Visiativ’s expertise has enabled us to realise the full potential of this scheme. For me, the most important benefit is that Visiativ frees up our time to focus on delivering the R&D projects and company growth. I would definitely recommend them to likeminded companies.
– Iain McWilliam, Director, Arrayjet
How Visiativ can help you
Visiativ work with clients in biotechnology, life sciences, scientific services and consultancy companies, helping them recover substantial sums they can then use to fund future research and development projects.
We can help your company make robust, successful, compliant R&D tax relief claims. Our team of technical experts knows all about the regulations and guidelines specific to claiming R&D tax relief in the life sciences sector. We know what to claim, how to claim and, perhaps most importantly of all, the many pitfalls to avoid.
Contact us to see how we can help
