The new partnership will help Agri-EPI’s members and its wider network access Leyton’s advice around government financial incentives for their involvement in agri-food innovation projects. Under a current government scheme, innovative businesses are able to claim back up to 33% of the costs which relate to their research and development activities, such as the advancement of new or existing products or processes.
Speaking of the new partnership, Agri-EPI’s Director of Business Development said: “We are extremely pleased to have developed a special partnership with Leyton. The new arrangement is all part of our efforts to ensure we support our members and wider network to develop innovative ideas that boost their own businesses while supporting a profitable and sustainable agri-food sector. We want to help companies access the best expertise and advice available to help them succeed and our partnership with Leyton is all part of this approach.”
Mark Petty, Head of Strategic Alliances, Leyton UK commented: “From R&D to Patent Box there are some hugely valuable schemes available for innovative Agriculture businesses. Volatile energy prices coupled with environmental concerns and rising expectations from consumers have created a climate of pressure for today’s agri-businesses. Innovation now forms a vital component in navigating both short and long term challenges faced by the sector and rewarding these innovative businesses through government incentives can provide tangible benefits and support future growth.”
Leyton supports a significant proportion of the UK’s agriculture-related R&D claims each year, helping hundreds of businesses, in farming and the supply chain through to engineering and technology providers, increase their ability to fund future projects and grow.
Their team of in-house consultants, which includes scientists, engineers and software developers who understand the agri-food sector, have over a decade of experience working with food producers, processors and retailers across the UK. Leyton helps them benefit from valuable schemes including R&D Tax Credits, Grants and the Patent Box Scheme, which allows qualifying companies to accelerate their innovation strategy through additional funding and/or a reduction in their corporation tax.