‘Tax credits could act as boost to North East economy’ – accountants

NicolaBellerby NORTH East businesses could be missing out on tens of thousands of pounds of research and development tax credits for their innovative ideas.


Independent accountants and business advisers, Clive Owen LLP, say the region is home to hundreds of forward-thinking companies working in the manufacturing, technology and environmental sectors – but not all are taking advantage of the tax credits.


The Government backed scheme gives companies tax relief on 230% of what they spend on research and development.


Now Clive Owen, Teesside University, and Redcar and Cleveland Council are hosting a free breakfast event on Tuesday, February 9, to explain how businesses can claim R&D tax credits and how they qualify.


Nicola Bellerby, a partner at Clive Owen, said: “We’re holding this event in Teesside because it’s an area which has been blighted by company closures and jobs losses yet it is filled with skilled workers.


“R&D tax breaks often make all the difference to a business and enable them to have the funding to continue carrying out research and innovative projects and to take on more skilled staff.


“They give businesses the opportunity to develop ideas into reality and to support their own company growth and ultimately the economy of the North East region.”

The Innovation for Growth event will be held at Redcar & Cleveland Borough Council’s offices in Redcar, at 8am.


For more information contact Margaret Gill on 01325 349700 or email info@cliveowen.com


< Back to News

Comments are closed.


“I recently worked with Lindsay Parker to generate some publicity for my business. She spent time understanding my needs, the business objectives and managing my expectations. She has immense creative flair, is generous with her advice and ideas and delivers impressive results. I have no hesitation in recommending Stride to any business wanting to get themselves noticed.”"

Janie Lambeth, Threedom Solutions

“Stride over-performed on all accounts - regional, national and international. We cannot praise the team enough."

John Sargent, The Ideas Mine Ltd