‘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.

 Testimonials

“Lindsay personifies creativity. No matter what message you're trying to get across, she comes up with a story that's novel and that works. Lindsay is also generous with her time and ideas, and is genuinely a lovely person to work with. She has helped me with story development, writing press releases and managing press release distribution - and her success rate with having articles published speaks for itself. Highly recommended"

Jayne Graham, 20:20 Consulting Ltd

“Stride has been our go-to agency of choice for award submissions for the past three years. They continue to impress with their ability to understand our business, know what the judges are looking for and their thorough, professional submissions."

Mark Gardham, Interserve Project Services