It’s our job to keep abreast of funding regimes – especially in those sectors that dominate our business, namely: sports, leisure and services. For a good few years, I have been preaching about Research and Development Tax Credit (R&D Tax). I confess in the early stages, I thought how can this be relevant, my clients don’t wear lab coats and show off large foreheads – but oh so wrong. Forget sterotyping or misconeptions, I have clients that have received significant financial gain in sports just by knowing the criteria for eligibility and approaching communication with the authorities in that informed, professional way. I make no apology for sharing the contents of one such Adviser that I work with for the benefits of my clients, @Sedulo (Manchester, Leeds, London and soon Liverpool).
“Essentially the Medical and Performance department is the one area of a sports club where much of the Research & Development naturally occurs. Sports Research & Development can include health and nutritional plans, dedicated exercises to aid in rest and recovery of athletes, warm-up designs, post-activation potentiation strategies and recovery techniques for example.
The Professional Sports sector is one of the many industries that does not take full advantage of the generous Research and Development Tax Relief that could be available. Qualifying Research and Development activities may be being carried out by professional sports clubs without them realising that a claim can be made. Therefore, due to the lack of advertising and information provided by the HMRC, this is still considered quite a niche sector and hasn’t yet been picked up in the Innovation and Research & Development storm.
3) Recovery and Rehab
6) CRM/Sales – Retail
8) RFID/NFC – Sensors
13) Maintenance Systems
14) Civil Works
Areas of Possible R&D?
i) Most physiological, biomechanical, motor control and strength and conditioning factors, that are able to predict human movement and sports performance. Also, there is an emphasis on computational fluid dynamics (CFD) applied to water sports and to special populations.
ii) The physical fitness levels of different populations and their relationships with health benefits and wellness. Corresponding projects in strength and conditioning, aiming at the development of reasonable and reproducible exercise prescriptions.
iii) “Marginal Gains Initiatives”
iv) Non-invasive recovery and rehab – holistic treatments, massage techniques, etc
v) Mental Health treatments/ hypnotherapy
vi) Some qualifying activities include rehabilitation development methods where public information is limited, head injury research and performance analysis tools.”
More information, you know where to find me: email@example.com