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R&D projects pay off for Harbourside Products

01 September 2020

Following a successful project to reinvent how it smokes and slices salmon, Harbourside Products has celebrated a £165,000 injection of government incentives, via the HMRC R&D tax relief scheme. 

The SME food manufacturer spent two years and over £200,000 on a project to find a new way to smoke its fish and create a new range of premium pâtés and terrines. It also developed a new solution for slicing smoked salmon to reduce waste. 

R&D tax relief was introduced by the government in 2000 to incentivise innovation, and result in either a reduction in a limited company’s corporation tax bill or a cash lump sum. 

Many firms still do not realise that the work they do qualifies as R&D – which is defined as any work that seeks to resolve a scientific or technological uncertainty, whether that is a new process, product or service. Crucially, R&D work does not need to have been successful to qualify and claims can be made up to two years beyond the end of the tax year in which the work took place.

Most of Harbourside’s claim, through Catax, related to the way the company improved the smoking process and developed recipes for a new range of products including premium pâtés and terrines of chicken, duck, game, ham hock and rabbit.

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