Kilwaughter Minerals Ltd. has announced their new growth, increasing their R&D team by 50%. This growth comes after rapidly increasing demand for Kilwaughter products. This growth comes as part of a long term strategic investment in innovation totaling £3.4 million.

Kilwaughter is a quarry and mineral processor whose work focuses on specific industries including construction, industry & agriculture and landscaping. They consist of two brands – K Rend and Kilwaughter Lime. K Rend is the UK and Ireland’s largest independent silicone render manufacturer.

Three of the new R&D members are PhD scientists. They will help boost innovation as the company strives to meet this newly increased and sustained demand. Their focus will shift to scaling as well as developing new high performance technologies.

Gary Wilmot, chief executive, Kilwaughter Minerals, continued: “We have been building our customer insight to allow us to confidently deepen our investment in new technologies and new products. We are creating a culture that puts high value on ideas and creativity and I’m confident that we have an exciting future ahead of us.”

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is one of the UK’s leading R&D Tax Relief consultancies. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes.

If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.