Craft beer maker Thornbridge Brewery has been rewarded for developing new flavours of beer with nearly £10,000 of R&D tax credits from the government.
The brewery’s innovation ethos has increased sales year on year to around £9m for the current financial year and landed more than 350 industry awards in the process.
In the last three years, Thornbridge Brewery has created a series of barrel-aged sour beers in bourbon and burgundy casks. Its recipes use wild yeast and different fruits such as cherry, raspberry and gooseberry to produce limited edition beers which sell in over 35 countries.
The company claimed its £10,000 R&D tax credits against the staff hours spent on recipe development and the production and trialling of new beers.
Launched in 2005 in Derbyshire, Thornbridge Brewery never made an R&D tax credit claim until it began talks with specialist tax relief consultancy, Catax.
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Create to save: craft brewery claims £10,000 in R&D tax credits