Research and development within the construction industry continues at a staggering pace. During our extensive market research we discovered that one of the best tax reliefs available to constructors, R&D tax credits, was historically under-claimed with nearly a quarter of firms never having heard of it. In addition, our recent analysis of government statistics showed that only 0.2% of the 290,000 successful claims were made by the construction industry.
R&D tax credits are government backed but, whether by complexity, length of time or the requirements to claim, are largely ignored by the construction industry. In addition to our services, we have developed an R&D calculator that can provide most construction businesses with a quick estimation of their potential gains and an indication of what they’re missing out on.
Funding deal accelerates development at London Biggin Hill Airport
London Biggin Hill Airport has agreed a £15 million finance package with HSBC to fund the construction of an additional 140,000 sq ft office, hangar and business aircraft parking facility, and the development of a 50-bed four star hotel.