Tax Relief for the Advanced Materials Sector
Funding for Advanced Materials Businesses
As an essential cog in the wheel of the high-tech economy, the field of advanced materials research and development (R&D) plays a crucial role in driving progress and life-changing innovation across various industries.
From aerospace to biomedicine, advanced materials offer greater strength, durability, flexibility, and functionality, thus paving the way for new, transformative technologies, products, and applications.
With the ability to convert ideas into reality, developing the advanced materials of today contributes to the ground-breaking solutions that will improve all our lives tomorrow.
Investing in developing the super-materials of the future allows for the continuing creation of revolutionary solutions spanning multiple sectors. This, in turn, boosts the economy and maintains the UK’s standing as a world leader in advanced materials.
R&D in Advanced Materials
If a company is developing materials with exceptional properties for engineering applications or developing a new technology that creates these innovative materials, then R&D is likely involved as it attempts to make an industry advancement.
Here are some examples of R&D in advanced materials:
Designing advanced materials whose process of manufacturing is more sustainable than what is possible currently
Developing next-generation materials for extreme environments and applications such as shielding for nuclear reactors or spacecraft
Developing materials for use in biomedical devices that accelerate manufacturing agility and improve tailoring of solutions specific to individual patients
Developing new products and technologies with significantly improved material properties
Improving sustainability of the end-of-life for products you produce by redesigning and reformulating these materials for improved recycling or reuse, whilst not compromising advanced material properties
Developing new knowledge regarding material behaviour, such as better understanding of thermal breakdown in electronic components and materials to improve service life and operational safety
Designing novel coating and lubrication solutions to improve resilience to harsher operating conditions in critical applications such as marine or oil and gas exploration, e.g., improving drive chain lifetime and reducing maintenance requirements through developing improved greases and lubricants with novel formulations for sea vessel engines
Redesigning formulations for materials using locally sourced raw materials and precursors, whilst not compromising material properties in application, e.g., cements for construction using supplementary materials and clinker components sourced from local deposit
Designing more resilient containment/immobilisation technologies for the decommissioning of nuclear facilities and long-term storage of radioactive byproducts and wastes
Modifying a material’s structure to generate improved and advanced material properties and behaviour, e.g., creating improved chemically active filtration membranes for rapid high-volume water desalination
How Can You Fund R&D in Advanced Materials?
Ryan’s Advanced Materials Specialist:
Mehul Kyprianou-Chavda, PhD – Senior Manager, R&D Technical
Mehul is a published scientist and engineer with a doctorate in materials science who has worked in the aerospace, automotive, defence, and mass-transit application spaces. He has worked on the development of several leading-edge materials technologies such as cementing chemistries for immobilisation of nuclear wastes and the industrial scaleup of manufacturing technologies for graphene.
He has worked across large multidisciplinary teams on flagship R&D projects with leading academics and industrialists and has been successful in accelerating projects through technology readiness levels to industrial commercialisation.
Mehul leads a team of specialist tax consultants across the UK who are experts in identifying and claiming innovation incentives, including R&D tax reliefs, R&D allowances, and the Patent Box, with specialties in engineering (automotive, materials, civil, software, electronic, and chemical) and construction.
Your Innovation Funding Partner
By investing in advanced materials, we can create new solutions, improve efficiency, and promote sustainability.
With exciting breakthroughs and new possibilities on the horizon, the future of materials R&D looks promising.
Ryan’s award-winning team of innovation funding specialists supports companies on their innovation journey to achieve the funding they need to develop the advanced materials that contribute to the revolutionary products, services, and engineered solutions that will improve all our lives.
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