USR Ltd, an engineering company specializing in underground utilities, exemplifies innovation in its approach to complex projects. Established in 2009, USR delivers exceptional services like deep excavation, pressure testing, and various installations for utility networks. They embarked on a challenging project that highlighted their capacity for innovation, resulting in a successful R&D tax credit claim with the support of Business Innovation Group (BIG).
Project Background: Mains Water Pipeline Solution
When USR Ltd was contracted to service a mains water pipeline for a residential development in Dartford, Kent, the project required them to lower and reinforce the pipes while adding a 5-way distribution component. However, the standard Cofferdam solution proved too costly. Instead of relying on conventional methods, USR pioneered a customized system using fabricated steel components, overcoming significant technical uncertainties to deliver a cost-effective, adaptable solution.
The bespoke system met HMRC’s R&D tax credit guidelines by creating an appreciable improvement to existing processes and materials, advancing not only their internal knowledge and capabilities but also setting a standard for efficiency in the engineering sector.
BIG’s Role in the Claim Process
Collaborating with Business Innovation Group (BIG) made the R&D tax credit claim process efficient and streamlined for USR. The BIG team, led by Lewis, provided comprehensive guidance, from compliance checks to procedural support, ensuring USR met all HMRC requirements with confidence. The tax relief received has bolstered USR’s capacity to reinvest in future innovative projects.
Looking Forward
USR’s collaboration with BIG underscores the power of professional support in leveraging R&D tax credits. Their commitment to pushing boundaries and creating custom solutions demonstrates the impact R&D incentives can have in driving growth and innovation in UK industries.
For businesses navigating similar challenges, Business Innovation Group offers trusted expertise to simplify R&D claims and maximize tax credit benefits, making it easier to invest in the future.
