Innovation Tax Relief: Patent Box & R&D Tax Credits

As specialists in product development, we help businesses create innovative products and technologies that may qualify for Patent Box and R&D tax relief. Working alongside our trusted innovation funding partner, Innofund, we support you throughout the claims process—from identifying potential qualifying projects to the preparation and submission of your claim.

Working closely with Innofund, we help identify projects with potential qualifying activity, while Innofund assesses eligibility and prepares compliant claims for both  Patent Box tax relief and R&D tax credits.

Why we’ve partnered with Innofund

Product development and tax legislation require different areas of expertise. Optima understands the engineering and innovation behind your products, while Innofund specialises in innovation tax incentives. Together, we provide a joined-up service that combines technical knowledge with specialist tax expertise.

Benefits of R&D Tax Relief

• Eligible loss-making R&D-intensive SMEs may receive up to approximately 27p for every £1 of qualifying expenditure.
• No statutory minimum level of qualifying expenditure.
• Potentially available to companies in any industry or sector, provided they undertake qualifying R&D.

Benefits of the Patent Box Scheme

• Qualifying profits from patented inventions may be taxed at an effective Corporation Tax rate of 10%.
• Patents can help protect innovative products while strengthening your commercial position and creating long-term value.
• You can invest money saved back into your innovations.

Why Partner with an Innovation Firm?

R&D tax credits, patent box, and innovation grant funding all interconnect — together they can transform how your business funds and rewards innovation. By strategically combining these incentives, .we help ensure you understand and access the innovation incentives that may be available to your business.

At Optima, we continually encourage all forms of innovation. By getting to know you and your business thoroughly, we identify new ways to collaborate, claim tax benefits, and drive competitive advantage in your market. We also seek to find areas of collaboration between you and our partnered innovative companies.

• Get rewarded for innovation
• Build innovation into your product development strategy
• Gain first to market competitive advantage
• Accelerate new product development
• Create valuable intellectual property

Our Development Process

To see how Patent Box and R&D tax credit support fits into our wider product development approach, view our full product development process.