Figures from earlier this year reveal that of the 22,445 claims across the UK totalling £2.45bn in tax benefits, only 2,200 claims came from companies in the North West and resulted in just £130m received in tax benefit.
The Northern Powerhouse vision by the Government sets out to break down the North/South divide and create economic growth and prosperity in the North on a par with it’s Southern counterparts.
With the largest boost to R&D support for 40 years of a further £2.3 billion investment from the NPIF in 2021-22 announced in the Autumn 2017 budget, we now need to see businesses in the North taking advantage of this generous, legitimate incentive.
It might be thought that this incentive is just for the large pharmaceutical companies, however, SMEs in a variety of fields carry out Research and Developments and could be missing out.
We have acted for Clients in the following sectors:
- IT support
- Food and drink producers
- Waste Management/Recycling Specialists
- Paint and adhesive
- Security/Lock design
- Steel & Fabrication
- Pet Food Production
- Utility Installers
If you are not sure if your business meets the criteria to qualify for an R&D Tax Claim, why not speak to us and get some more information. We work on a no-win, no-fee basis, meaning ALL financial interests are aligned.
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