Understanding R&D in the transport and storage sector

This sector includes everything from bikes, cars, planes and trains to racing cars and space rockets. It is an area rich in R&D however many of the opportunities remain unexploited.

In the coming years the way in which we explore our environments will be changing as electric, self-driving cars become the norm, hovering trains are developed and planes become super-sonic. The presence of R&D within these industries is constant as the very nature of the work is to push the boundaries of current transport systems.

Examples of problems to be solved through R&D within this sector

  • What materials to use to create these lightweight, robust and passenger friendly craft
  • How to effectively use technology to safely navigate driverless cars on our roads
  • How to make such new and exciting products accessible to the general public through cost efficiency and ease of use
  • How to reduce travel times by looking at the aerodynamics of each machine
  • Creating a green solution to the energy needed to propel such extreme forms of transport
  • How to pack items to be posted or stored without damaging contents

Examples of what constitutes R&D in these sectors

The HMRC test as to whether a Company is performing R&D is whether a there is ‘appreciable improvement’ in a situation as a result of ‘addressing a scientific and technological uncertainty’.

  • Developing new fully-compostable packing materials
  • Innovating and experimenting with new materials for the manufacture of transport systems
  • Testing and re-testing computer systems designed to enable driverless cars
  • Creating low waste coolants to use in refrigerated trucks
  • Using big data to create software to scan for competitive flight prices
  • Experimenting with different materials and patterns to create packaging which is fit for purpose and reduces waste

Arrange a free consultation with our team of experienced and approachable tax incentive advisors today. At Kene Partners, our mission is to help innovative companies access millions of pounds of government money set aside to foster innovation. Your business could be next.