Startups in Birmingham
Birmingham has strengths in manufacturing, professional services and a fast-growing tech scene. The Greater Birmingham & Solihull Growth Hub can help with local grants and advice, and our funding page explains how we help you get ready for a loan, a grant or investment.
What can Birmingham manufacturers claim on equipment and development?
Manufacturing and engineering businesses across Birmingham and the West Midlands spend heavily on plant, machinery and tooling, and the way that spending is claimed changes the tax bill. Most equipment qualifies for the Annual Investment Allowance, and companies can claim full expensing on qualifying new plant and machinery. Cars follow different rules, and equipment bought just after the year end gets its relief a year later. Work to improve a manufacturing process can qualify for R&D relief when it seeks a genuine advance in science or technology and resolves real technical uncertainty, wherever the work takes place. HMRC now checks R&D claims more closely than it used to, so we test each claim against those conditions before it is filed.
