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Filtered By Category: Engineering & Manufacturing

Apr 23 2020

The Future Fund pledges support to innovative businesses

Categories: COVID-19Engineering & Manufacturing

On 20 April 2020, the UK Government announced a Future Fund to help innovative and dynamic companies, including engineering and manufacturing businesses, which have found it difficult to access other Government support packages, such as the Coronavirus Business Interruption Loan Scheme (CBILS). As we detailed in our previous article, the current proposals indicate that matched more

Feb 18 2020

Manufacturing business optimism is on the rise

Categories: Engineering & Manufacturing

The Confederation of British Industry (CBI) recently published its quarterly UK manufacturing optimism statistics, and the results were encouraging. After surveying 300 manufacturing firms, the CBI reported that business optimism for Q1 2020 was +23, which is an impressive increase from the -44 in the previous quarter. With business optimism improving at its fastest pace since 2014, more

Feb 11 2020

Corporate Finance Deal Done!

Categories: Corporate FinanceEngineering & Manufacturing

Our client is a long-established print and design company, with over 25 years in the trade. Located in Central Scotland, the business has a reputation for great customer service, high quality products and a strong focus on family values. The client also boasts a list of highly regarded customers. What type of work was involved? more

Oct 16 2019

Helping our clients, James Penman Plant Hire, benefit from the increased AIA limit

Categories: Engineering & ManufacturingTaxation

As mentioned in our previous article, the Annual Investment Allowance (AIA) limit has been increased from £200,000 to £1million and is valid until 31 December 2020, however many businesses aren’t planning on taking advantage of this higher limit, partly, due to a lack of understanding and awareness. The AIA increase provides a great opportunity for businesses to more

Jul 9 2019

Why are engineering and manufacturing firms ‘missing out’ on the increased AIA?

Categories: Engineering & Manufacturing

The Autumn Budget announced the temporary increase in the Annual Investment Allowance (AIA) limit, from £200,000 to £1million. This increase will remain until 31 December 2020, meaning businesses will have a two-year window to take advantage of this higher limit. The increase to the AIA will allow engineering and manufacturing businesses to obtain 100% tax more

May 23 2019

Enterprise Management Incentives – A tool in the war for talent

Categories: Engineering & Manufacturing

With a highly competitive labour market, retaining a skilled workforce and rewarding long-term loyalty are key priorities for businesses in all sectors, but particularly the Engineering and Manufacturing sector. According to recent research, businesses in Scotland are struggling to recruit and retain workers with the right skill set. A popular method for many privately owned more