In food production, your cold storage, and even your loading bay, will experience condensation and ice build-up if you do not have the right dehumidification solution. It is critical to control both the temperature and relative humidity level to avoid issues impacting work conditions, product quality, and maintenance requirements.

Join us for this 45 min webinar to give you an overview of what is needed.

Martin Ginty
Business Development Manager at Munters

Martin will guide us through the challenges related to cold stores. He has deep knowledge about the challenges within food production when it comes to humidity problems, and he has supported clients worldwide in finding the right climate control solution.

What you will learn
• Why humidity control matters in cold stores
• How to improve products quality
• How to keep the facility safe for workers
• How to lower operating costs

Date: Wednesday, May 17th
Time: 10:00-10:45 am GMT

Can’t join on this date?
Please register, and we’ll send you a link to watch on-demand later.

Register for the webinar today!

Intro to the client

The Lakeside Food Group is one of the UK’s leading suppliers of innovative, high quality chilled and frozen products to the retail, manufacturing, and food service sectors. Established in Norfolk in 1989, today they employ more than 40 colleagues across the UK, EU and Asia. Lakeside is a significant player in the food market with a reputation for quality, innovation and integrity.

Relationship with Ayming

When approached by Ayming about a potential R&D Tax claim, Lakeside didn’t think they would qualify as they had never claimed for the benefit before. Ayming provided guidance to Lakeside on the types of activities they were carrying out that could qualify as eligible expenditure.

What Ayming did

Due to the size and nature of Lakeside’s business and innovation activity, they were eligible for Ayming’s Rapid Claims service, which delivers an R&D Tax claim from start to finish and submission in just 5 days.

Ayming’s Rapid Claim consulting team worked with Lakeside’s product experts and finance team to identify the qualifying projects to include in the final claim submission. These projects focused on New Product Development activities, including new cooking processes for a Beef and Pork Wellington; how to achieve the correct level of “doneness” for rare beef and well-done pork within the same recipe. Ayming also identified R&D activity in preventing the physical properties of pastry and beef from being impacted in the product’s frozen, defrosted, and cooked states.

The results

The Rapid Claims’ process delivered the R&D Tax final calculation and accompanying report to submit to HMRC in just five days. Lakeside realised a significant benefit, even more so as they had not previously claimed.

We hadn’t previously claimed for R&D Tax credits before talking to Ayming. We didn’t believe that we were eligible. However, when talking to Ayming’s expert Food & Beverage team they were able to identify qualifying projects within our new product development, which meant a significant financial benefit for us. And the extra bonus was that we were able to complete the entire claim and report in 5 days.

Hayley Toleman, Finance Director, Lakeside Food Group Ltd

Our revamped and expanded celebration of NPD is now open for entries, setting an unsurpassable benchmark for innovation in grocery.

Brands across fmcg – from alcohol and confectionery to store cupboard and cheese – are invited to showcase their most compelling launches (and relaunches) of the past 18 months (15th May 2022 – 7th November 2023).

In a change to previous years, the 2023 event will recognise every shortlisted entry’s excellence, awarding a gold, silver or bronze medal in recognition of efforts to bring excitement and difference to grocery aisles.

This year will also shine a spotlight on packaging innovation through ten additional awards. Again, brands of every kind are invited to enter these additional awards – whether they play in food, drink, beauty, household or any other fmcg category. All entries to The Grocer New Product & Packaging Awards will be rigorously evaluated by industry experts based on a strict range of criteria.

Winners will be announced at a dazzling lunchtime event at The Royal Lancaster, London on Tuesday 7th November 2023.

Don’t delay, submit your entry today!

DEFRA has now published the ‘risk categorisation’ for EU commodities which will be subject to the new sanitary or phytosanitary (SPS) controls starting from the end of October 2023. This follows the publication of the draft Border Target Operating Model in April.

The TOM categorises live animals, germinal products, products of animal origin and animal by-products as high risk, medium risk, or low risk. Each risk category has different requirements, and this will determine the level of checks and documentation that will be required for SPS goods entering GB (England, Scotland, and Wales) from the EU and European Free Trade Association (EFTA) states.

You can look up the commodity you’re importing and it’s risk level in the tables on this page. There is also a link towards the bottom of the table where you can access TOM risk categories for plants and plant products,

TOM risk categories for imports of animals and animal products from non-EU countries will be published in mid-2023.

The government is continuing to run a series of events over the next few weeks to explain how the TOM will work and to seek feedback from stakeholder groups. Full details are on gov.uk together with details of a feedback tool that the Cabinet Office has set up.

Streamlined EHCs

New streamlined model EHCs for products of animal origin and a number of animal by-products have also now been published on gov.uk here. The remaining EHCs for animal by-products will be published by mid-May 2023, followed by new EHCs in the summer for live animals and germinal products.

These new EHCs will need to be used for affected goods from 31st October.

Recently, Chancellor of the Exchequer, Jeremy Hunt, announced his Spring Budget 2023. Narrowly avoiding a recession, the UK economy is still in jeopardy, and the Chancellor has the unenviable task of trying to bring some semblance of stability to the country against the backdrop of the ongoing illegal war in Ukraine and the cost-of-living crisis.

Below is Ayming’s view on key points within the Statement and what they mean for the R&D tax landscape.

Support for R&D-intensive SMEs

• Increased rate of relief for loss-making R&D-intensive SMEs.
• Eligible companies will receive £27 from HMRC for every £100 of R&D investment.

The Government clearly recognises that its decision to cut tax relief for all SMEs in the Autumn Statement 2022 undermines its ambition to make Britain the next Silicon Valley. This redefined support for R&D-intensive businesses will allow the UK’s most innovative companies to do what they do best. However, it is a lot more targeted and, therefore, not as accessible. Companies must spend 40% of their expenditure on R&D activities to be eligible for this new rate. The Government estimates that about 8,000 companies could benefit, about 10% of current claimants. All other small businesses will still feel the pinch of the cut to the SME scheme, and there will be a knock-on effect on the UK’s innovation as a result.

Furthermore, while its definition of “research-intensive SMEs” is clear, it would be great to see green innovation incorporated into this. It was disappointing not to hear more mention of funding for R&D in environmental technologies, in which the UK could be a world leader. Specific tax incentives must be considered around green R&D to drive forward the sustainable transition. If they can include that in definitions, it could boost both our innovation and net-zero objectives.

Replacement of super-deduction with 100% First Year Allowance

• Super-deduction was due to end on 31st March 2023
• From 1st April 2023 to 31st March 2026, a 100% First Year Allowance comes into effect.

Companies across the UK can write off the total cost of qualifying main-rate plant and machinery investments in the year of investment. There is also a 50% first-year allowance for companies investing in special rate and long-life assets.

This is a very impressive and significant measure. What previously would have taken ten years will now take just one, helping to inspire inward investment in the UK. It is an encouraging signal for our Clients and will naturally have a positive effect on the innovation landscape in the UK.

Ayming welcomes the super-deduction replacement for capital expensing as this should drive investment into the UK and, combined with the existing R&D incentives, will lead to even more significant R&D activity in the country.

Merging the UK’s R&D tax relief schemes

• The Government is still considering responses to the consultation
• A final decision will come at a future fiscal event.

The Government’s consultation on merging the R&D Expenditure Credit (RDEC) and SME schemes closed on 13th March. No decision has been made yet, and the Budget documentation states a final decision will be made at a future fiscal event.

The Government will publish draft legislation on a merged scheme for technical consultation alongside the publication of the draft Finance Bill in the summer, with a summary of responses to the consultation. It is Ayming’s view that a merger will happen.

Restrictions on overseas expenditure in R&D tax relief

• Restrictions delayed to 1st April 2024

The previously announced restriction on some overseas expenditures will now be effective from 1st April 2024 instead of 1st April 2023. This delay will allow the Government to consider the interaction between this restriction and the potential merged R&D schemes. Ayming is delighted with this announcement, buried deep in the Budget documentation, as it will allow companies another year to include such expenditure in their claims.

Tackling abuse and improving compliance

• Supporting materials confirm ‘additional information requirements’ from 1st August 2023

Aiming to prevent abuse and increase transparency, from 1st August 2023, companies making R&D relief claims must do so digitally and provide a compulsory additional information form that breaks down costs and describes the R&D activity. Claim notification and endorsement by a named senior officer of the company are required. Details of any agents involved must also be included.

Companies will need to inform HMRC, in advance, that they plan to make a claim. They will need to do this, using a digital service, within six months of the end of the period of account to which the claim relates. Claim notification will only be required when a customer has not made an R&D claim for three years ending with the day before the first day of the claim notification period.

The additional information form will be required for all claims made on or after 1st August 2023. Exceptions include those companies exempt from the requirement to deliver a Company Tax Return online.

No mention of Horizon Europe

It is somewhat disappointing that there was no mention of Horizon Europe in the Budget. This is a critical topic for many of our clients and the broader innovation industry, and the UK scientific community deserves clarity on the subject. If the Government means what it says and truly wants to make the UK a global science superpower, then access to schemes such as Horizon Europe is crucial.

AI, Quantum & the Manchester Prize

• Introduction of The Quantum Strategy – £2.5 billion over the next ten years.
• Introduction of The Manchester Prize – £1 million each year for the next ten years to researchers that drive progress in critical areas of AI.

The Government aims to ensure the UK is home to world-leading quantum computing science and engineering, supports businesses through innovation funding opportunities, and provides access to world-leading R&D facilities. The Chancellor also reiterated the Government’s commitment to the British AI industry, the necessary legislation it would undoubtedly require as the technology becomes more commonplace, and introduced the Manchester Prize to award leading researchers into the topic.

This is excellent news for the UK’s advanced AI industry, and it is promising that the Government recognises the importance of recent movements in the area.

Accelerating Innovation

Twenty-six innovative R&D initiatives will receive £100 million in funding from the Government through the Innovation Accelerators program. This will boost the development of 3 high-potential innovation clusters, including the Manchester Turing Innovation Hub, two quantum projects in Glasgow led by the University of Glasgow and M-Squared Lasers Limited, and a project to speed up new health and medical technologies led by the University of Birmingham.