How and why the engineering sector can benefit from R&D
The engineering industry is in a unique position to be eligible for R&D tax credits due to:
- The industry's innate ability to address technical uncertainties and push the envelope of technological development
- The regular need to incorporate cutting-edge technologies into bigger, more complicated systems.
- The need for materials and technology to be modified for usage in particular and difficult locations, including subsea or arctic temperatures.
- The continual creation of goods that provide technical advancements above current solutions.
- The ongoing desire to enhance current processes or systems' effectiveness, capacity, and performance.