From Farm to Fork and Beyond: Fuelling Food & Beverage Innovation with R&D Tax Credits

 

17 May 2024

 

4 min read

 

At ABGi Ireland, we understand the importance of innovation. We help Food & Beverage businesses use financial incentives, such as R&D Tax Credits, to support their scientific and technological advancements.

The Food & Beverage industry is a source of advancement. From developing next-level taste sensations to optimising sustainable production methods, businesses are always taking risks to remain competitive. At ABGi Ireland, we know nurturing fresh ideas is vital to your success. That’s why we help Food & Beverage companies leverage powerful financial incentives like the R&D Tax Credits to fuel their innovation and encourage them to invest in Science and Technology.

 

Innovation is on the Menu

 

ABGi Ireland employs a local team of technologists and scientists trained to the highest level, who understand the unique challenges faced by Food & Beverage companies and how these wide range of activities that qualify for R&D Tax Credits.

 

These can include:

 

  • Developing new and exciting food and beverage products
  • Perfecting alternative ingredients and healthy product options
  • Extending shelf life and minimising food waste through novel preservation techniques
  • Optimising production processes to reduce energy consumption and environmental impact
  • Designing innovative packaging solutions to enhance product freshness and sustainability
  • Creating cutting-edge fermentation and brewing techniques

 

Turning Your Innovation into Cash

 

ABGi Ireland takes the complexity out of the R&D Tax Credit claim process. Our specialists will simplify and guide you through every step, ensuring all your eligible activities are captured in a clear and compelling claim. This reduces risk and maximises the financial benefit you will receive for your innovative work.

 

ABGi Ireland – Your Partner in Food & Beverage Innovation

 

With a proven track record of success in securing R&D Tax Credits for Food & Beverage companies, we understand the specific challenges and opportunities you face. Let us help you unlock the financial rewards of your innovation and invest even more in bringing ground breaking products to consumers.

 

Ready to take a bite out of your innovation costs?

 

Contact ABGi Ireland today for a free initial consultation. As the refund rate moves from 25% to 30% for accounting periods commencing on or after 1 January 2024, it has now become an even more important financial tool for management.

 

Let’s discuss how R&D Tax Credits can supercharge your Food & Beverage company’s investment in creating tomorrow’s industry leading products.