We knew about the scheme in general terms but never considered a motorsport business might be eligible, despite our significant budget for development work.Nigel Snook Owner, FS-3 Racing
About FS-3 Racing
FS-3 Racing was formed in 2015 after the meeting of minds between Nigel Snook and Darren Fry. Darren was keen to remain part of the British Superbike Paddock and agreed to form the company with his kindred spirit Nigel Snook. They started racing with one second hand bike back in 2016. Today, they run a full factory Kawasaki two man superbike team.
Motorsport Innovation
Vantage met with the team at its facility in Coventry and had in depth discussions with the engineers regarding the development of the Kawasaki bike. Nigel told us, "We have been delighted by the knowledge and general engineering understanding demonstrated by Vantage R&D of the R&D tax credits scheme, which has enabled us to make a number of accurate and successful claims."
The reward
"The tax credits we have received have enabled the team to increase its investment in development work. This in turn enabled us to win races for the first time in 2019 and finish in the top four of the most competitive domestic superbike racing championship in the world."
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"R&D tax credits have massively helped my business to move forward. Due to the confidence I have in Vantage R&D, I can plan the R&D credits as part of my cashflow forecasting.."
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"Vantage were recommended to us by another team in the Superbike paddock that we've worked with on chassis development. There was an instant synergy with the consultant, John."
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"We knew about the scheme in general terms but never considered a motorsport business might be eligible, despite our significant budget for development work.."
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"I had never heard of R&D Tax credits before, but we contacted Vantage after they were highly recommended to us. We weren't disappointed. Not with the process, the service or the results."
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"As a motorcycle race team, the business is primarily involved in road racing, but we're always working on new ways to make our bikes faster and ultimately, for the team to improve."
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"Research and development is at the heart of the business and R&D tax credits have provided valuable funding worth over £150,000 in the past two years."
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"R&D Tax Credits proved to be a big benefit to our business and really helped the team with finances to move forward and stay at the top of our game."
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"We've actually been developing since the early '80s, but we had no idea we'd been able to claim some of this spend back until we got talking to the people at Vantage. "
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“We’ve already managed to claim just over £20,000 in tax credits from HMRC in two years."
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"Working with John and the team at Vantage has been a fantastic stress-free process, which allows us to continue pushing our engineering boundaries."
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