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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


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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How privacy regulations are affecting IT innovators…and how R&D can help you stay one step ahead.

The European Commission put forward its EU Data Protection Reform way back in January 2012, to make sure that Europe would have robust regulation to protect its citizens’ private data in the digital age. The long process of drafting and redrafting resulted in two documents that were released in May this year – the EU Data Protection Directive and the General Data Protection Regulation.

With over 90% of the data in existence today collected in the last two years, the rate at which businesses, governments and communication networks are collecting data is rapidly accelerating. Read more


For D&D chocolates, formulating new products isn’t as simple as finding a flavour that works and running with it. D&D was established as a dairy-free chocolate brand in the 1980’s, catering to customers (particularly children) with dairy allergies. Since its inception, their product range has grown to incorporate carob and nut-free items, offering a safe alternative to mainstream chocolates for people with severe allergies.

It’s a popular business with a loyal following, yet despite growing demand and a number of requests for new flavours, D&D were restricted in the amount of developments they could make. Each new ingredient had to be sourced not only for flavour, but for allergens, which Read more

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MCS reports from Recoup

The MCS Corporate Strategies team were at RECOUP to talk to recycling firms about how R&D Tax Credits could help companies to keep abreast of the ever changing demands facing the industry. Yet while R&D can bring much needed cash flow to businesses feeling the squeeze, more needs to be done to combat the crisis at the source. As Rebecca Warwick, Operations Manager at MCS, discovered by attending the Recoup Conference presentations, it’s a problem with more than one answer.

Thought leaders from various parts of the industry have hugely differing views on the key points that need to be addressed. Here are just a few Read more


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