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Twelve new enterprise zones will be going live across the UK this April, further supporting economic growth across the UK.

The new locations, which stretch from the north-east to the south-west, bring the total number of Enterprise Zones in England to 48. A crucial part of the government’s drive to boost industrial strategy across the UK, the first zones were announced in the Autumn Statement 2015, offering business rate discounts, tax breaks and other support to local businesses.

The current zones have attracted more than £2.6 billion in private investment since they were launched, with more than 700 new businesses setting up in the areas.

The new zones include areas Read more

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Ninety percent of game development companies intend to expand this year, but with Brexit on the horizon, many are concerned that a lack of skilled workers could prevent growth. In an increasingly competitive market, where demand for AAA standard gaming can cause financial concerns even for larger developers, game developers will need to look for skills and cash flow solutions to help them stay ahead.

Skills Last year, one in four businesses were looking overseas to recruit tech talent. Yet even with free trade movement from the EU, the tech industry were struggling to recruit, leading to the introduction of the ‘tech nation’ visa scheme in 2015 to ease the Read more

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Hammond’s Spring Budget speech on Wednesday made repeated reference to making Britain the best place in the world to do business, but featured frustratingly few economic details of what the post-Brexit landscape will look like for businesses.

However, the Chancellor’s first budget since the Government’s Building the UK’s Industrial Strategy green paper was released did suggest some progress towards realising the plans and ambitions laid out in January.

Driving investment in science, research and innovation

The Industrial Strategy paper set out the government’s ambition to drive investment in science, research and innovation across the economy.

This is reflected in the £270 million pledged towards new technologies such as robotics Read more

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We take a look at Theresa May’s hotly anticipated green paper, Building our Industrial Strategy, and find out what it means for the future of R&D…

Theresa May’s highly anticipated green paper, Building our Industrial Strategy, was released this week, outlining proposals to boost industrial innovation and activity in the UK as we plan to move away from the EU.

Shortly followed by the High Court’s ruling on Article 50, the green paper could form a crucial foundation for May’s cabinet to outline practical Brexit plans for Parliamentary approval.

Here are some of the key points it raises about the future of R&D support for businesses in the UK.

Investing Read more

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Out of over 22k R&D claims in 2015, less than 3% came from businesses in the north east. We take a look at the industry’s North/South divide and see what manufacturers can do access R&D cash flow.

It’s not an easy time to be a manufacturer. Although the industry had some good news in January, when figures showed the sector had enjoyed its fastest growth in two years, it came on the back of a string of less than sparkling results and a stark warning about increasing costs.

The Brexit vote, it seems, has had multiple knock-on effects. While the drop in value of the pound has encouraged foreign buyers Read more

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R&D tax credits are more than just a financial pat on the back for product or service innovation. For many of the businesses who claim R&D, tax credits become an integral part of the business, shaping the way that development is carried out and creative decisions are made – not to mention funded.

We hear from three MCS clients about how R&D tax credits helped to shape their businesses, from spurring innovation to making R&D a crucial part of cash flow.

Product development is no longer a financial risk

Barbara Burgess, Managing Director of D&D chocolates

“Since we successfully claimed our first R&D payment, it’s made us more proactive Read more

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If you’ve been thinking of claiming R&D tax credits all year without doing anything about it, make it your first priority in the New Year – you won’t regret it.

Here are our top three reasons to explore R&D tax credits in 2017:

You‘re probably missing out on cash flow

R&D tax credits are a vastly underused source of cash flow – 97% of eligible businesses fail to claim, despite 41% of business owners citing cash flow as their biggest challenge.  Despite the widespread availability of R&D tax credits, many businesses fail to understand it’s relevance to their work, believing the criteria to be much narrower than it actually Read more

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All of us here at MCS Corporate would like to wish you the very best this festive season, and hope that 2017 brings a host of bright opportunities for you and your business.

To start the New Year off with a challenge, MCS Consultant Rebecca Warwick will be preparing to walk Mount Kilimanjaro in aid of our local charity partner, Myton Hospice.

A cause close to us at MCS, Myton Hospices offer palliative and respite care at a time when terminally ill people and their families need it the most. Visit Rebecca’s Just Giving page to find out more.

Until next year, happy holidays from the MCS Corporate team

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Philip Hammond’s first Autumn Statement had some excellent news for R&D, with government spending on R&D set to rise by an extra £2bn by 2020/21. The dramatic increase is part of the government’s plan to drive economic growth in the UK and strengthen the country’s position in the run-up to Brexit.

Julian Warwick, MCS Corporate, comments, “Hammond made the point that British companies take five days to make what Germans take four days to do.  The difference is the technology deficit.  This can only be addressed through research, development and investment to improve processes; which in turn will improve productivity.”

The government will continue to look at ways to ensure Read more

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Founded by Dr Mike Bertenshaw and Dr Dai Darkin, AIS Ltd have been providing bespoke laboratory information management systems since 1991, growing a varied client base across the UK.

The bespoke nature of the systems they create for clients has led to a huge quantity of R&D taking place within the company each year, yet previous tax credits claims had failed to recoup any significant expenditure. With the two founders and their senior team largely responsible for the development process, the majority of their R&D expenditure was linked more to staff time than resources or equipment – a factor that they had failed to take into consideration when submitting Read more

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