In an ever-evolving sector such as agriculture, innovation is key to creating a competitive advantage and developing a strong market position. Over our twenty year history Leyton has been helping companies with this – working with our clients to understand where the research and development is within their business, then exploring where you qualify for government funding, grants or tax credits – creating a pool of innovation resource that can be re-invested to further the continuous innovation culture of the business.
Creating a culture of innovation amongst the workforce and developing new innovative solutions enables businesses to identify opportunities in their markets, exploit niches, find more effective and efficient ways of operating or simply create business improvements. This means being in a position to be a step ahead of other companies and more able to adapt to your clients’ needs.
The problem with harbouring an innovation culture and progressive environment is that it can tie up extensive amounts of company resources in people, time and of course money and create difficult investment dilemmas. This is one of the key reasons that innovation is often stifled or shelved, or a ground-breaking project may be reduced in size or scope from the initial philosophy.
Over our twenty year history Leyton has been helping companies with this – working with our clients to understand where the research and development is within their business and all of the relevant component parts from farming processes to perishables, software to people. We then explore where you qualify for government funding, grants or tax credits – creating a pool of innovation resource that can be re-invested to further the continuous innovation culture of the business.
It’s not all about scientific experiments and academic theses and very little of the information we capture on behalf of our clients comes from white lab coats, petri-dishes or smoking test-tubes. Research and development as defined by the administrations offering financial support covers a much broader set of activities. These may be initiated by an organisation directly or as part of a client project.
In the agricultural community, one client had five agronomists working on a project for nationwide retailor. Their team were trialling new methods of irrigation. Although the overall project was being paid-for by a third party company, the research and development attached to the project belonged to our client. As a result, they were able to make a claim against 25% of the salaries of the five people involved. This released funds that they were then able to re-invest into other new technology – in this case a new feasibility study.
This is just one example of how we can work with companies to help them un-cover resource for future research and development, and to help them embed a culture of continuous innovation within their business.
Attending CropTec 2018? Book a time to speak with Leyton to find out more, please contact Mark Hetherington by emailing firstname.lastname@example.org.
Register to attend the event at https://www.croptecshow.com/
NOVEMBER 28 – 29THTH, 2018
East of England Showground, Peterborough