Leveraging existing innovation for a leading German Plastics Fabrication Company

This firm Initially approached us for a new project, but our efforts unearthed an opportunity during the innovation sessions – the potential for a retrospective claim from 2020 onwards for work already completed.

Despite the firm’s initial perception that the work was not particularly groundbreaking, our careful analysis revealed that it qualified under government-defined criteria. Subsequently, we crafted an application resulting in €8 million of relief.

Highlights

• Identified €8 Million of qualifying expenditure.
• Only few hours of management time required from the client.
• €2 million returned to the firm’s balance sheet.
• This success has solidified our partnership, with the firm re-engaging with TCIS to prepare a subsequent claim for R&D work commencing in 2023. We take pride in our ability to uncover opportunities that go beyond the surface, delivering not only financial benefits but also accelerating our clients’ strategic initiatives.