R&D Tax Credit Advance for Manufacturers
Many manufacturers do not realise they qualify for R&D tax relief. If you are developing new products, improving manufacturing processes, or solving technical challenges, you may have an R&D claim worth tens or hundreds of thousands of pounds. An R&D advance gets this cash into your business now rather than waiting months for HMRC.
Manufacturing R&D claims cover areas like: new product prototyping, process optimisation, material science improvements, automation development, and quality system innovation. If your work involves technical uncertainty and advancement, it likely qualifies.
Key Benefits
- Unlock cash from R&D claims you may not know you have
- Fund the next innovation project from the previous one
- Keep production cash flow separate from tax credits
- Specialist advisors help maximise your claim
Frequently Asked Questions
What manufacturing activities qualify for R&D?
New product development, process improvement, material testing, tooling design, automation development, quality system innovation, and resolving production challenges where the outcome is technically uncertain. Routine production does not qualify.
How much could my claim be worth?
Under the merged scheme (from April 2024), qualifying companies receive 20% of qualifying expenditure as a tax deduction (or 27% for loss-making intensive R&D companies). Claims of £50k-£500k are common for active R&D manufacturers.
Can I combine with government grants?
Yes, though grant-funded expenditure must be excluded from R&D claims to avoid double-funding. A good R&D advisor will ensure your claim is correctly calculated alongside any grant income.
What if I have never claimed R&D before?
You can claim for the current year plus two previous accounting periods. Many manufacturers have unclaimed R&D relief going back 2-3 years. An R&D advance can fund the backdated claims as well as the current year.
Related Funding Options
R&D Tax Credit Advance for Tech Companies
Get early access to your R&D tax credit claim. Advance funding for UK SaaS and technology businesses claiming R&D relief.
Tax Loans for Manufacturers
Spread Corporation Tax payments to protect manufacturing cash flow. Keep working capital for production, not tax bills.
Unsecured Business Loans for Manufacturers
Working capital and growth funding for UK manufacturers. No property security needed. Fund raw materials, hiring, and expansion.
Ready to Get Funded?
Submit your details and we'll match you with the right lenders from our panel. No obligation, no fees.
Learn About Our Broker NetworkCoreFi is a trading name of JG Core Ltd (Company #16218779, England & Wales). CoreFi acts as a commercial finance broker and does not provide regulated financial advice. All products described are unregulated business-to-business finance. Information on this page is for general guidance only and does not constitute a formal offer of finance. Terms, rates, and availability are subject to lender criteria and may change without notice.