One of the most common questions we’re hearing is:
“Do we qualify?”
Most businesses immediately look at their SIC code.
While that is a logical starting point, it may not always tell the full story.
SIC codes vs HS codes
SIC codes classify business activities.
HS codes classify products.
Under BICS, understanding what products you manufacture may be just as important as understanding how your business is classified.
The importance of supply chains
Many manufacturers sit within larger industrial supply chains.
For example:
- Automotive suppliers
- Aerospace component manufacturers
- Engineering firms
- Industrial fabricators
A business may not immediately appear eligible based on its SIC code, but further analysis of its products and supply chain position could reveal opportunities.
Questions businesses should ask
Rather than simply asking:
“What is our SIC code?”
Consider:
- What do we manufacture?
- Which industries do we supply?
- Where do our products end up?
- How are those products classified?
Why expert support matters
Building a robust eligibility position often requires:
- Research
- Documentation
- Evidence gathering
- Supply chain understanding
This is where specialist support can add significant value.
Next steps
If you’re unsure whether your business qualifies, now is the time to start exploring your options.
Red Hawk Group can help assess eligibility and identify potential opportunities.
https://www.redhawkgroup.co.uk/
