Jul 2 2021 Is now the time to refinance? Categories: Food & DrinkLeisure The Bank of England base rate is at a historic low of 0.1% making debt as cheap as it has ever been, so the time might be right to review existing debt facilities. With lockdown restrictions continuing to ease, cash will be required to help get businesses back to pre-covid levels and therefore an opportunity more
May 28 2021 Two valuable tax reliefs critical to the food & drink sector Categories: Food & Drink Many in the food and drink sector could be missing out on valuable tax reliefs, which can be used to reinvest back into the business and ensure Scotland’s food and drink industry remains at the forefront of innovation, renowned for its high quality produce worldwide. R&D tax credits and capital allowances are just two examples more
May 12 2021 Supporting our clients, Growers Garden Categories: Food & DrinkLeisure Throughout the pandemic, we have worked hard to support our clients, offering our help and advice at every opportunity to ensure they can weather the storm and come back stronger. One such client is an innovative food manufacturing company that emerged out of East of Scotland Growers, a farmers’ cooperative whose desire was to reduce more
Mar 2 2021 The Regional Food Fund reopened for applications Categories: COVID-19Food & Drink The Scotland Food & Drink Partnership’s Regional Food Fund has reopened for applications. Supported by the Scottish Government, the latest round of funding has £100,000 available to help drive projects that celebrate locally sourced and produced food and drink across Scotland. Managed by Scotland Food & Drink, local projects can apply for grants of up to more
Feb 3 2021 Further funding announced to support the Scottish seafood sector Categories: COVID-19Food & Drink To further support fishermen, seafood businesses and ports and harbours that continue to be impacted by the ongoing effects of COVID-19 and the issues surrounding the EU exit, the Scottish Government have announced a new £7.75m funding package. The funding package aims to support the Scottish seafood industry who face ongoing losses due to COVID-19 hospitality more
Sep 17 2020 How we’ve been supporting our clients, Kerr’s Dairy Categories: Food & DrinkLeisure Despite the challenges faced due to the COVID-19 pandemic, many businesses have continued with their plans for growth. That was the case for one of our clients, Kerr’s Dairy, a family run Dundee-headquartered business that supplies the finest quality dairy products direct to your door. Founded by Sandy Kerr in 1900, the business has spanned five generations more
Aug 18 2020 Registered businesses can now make claims through the Eat Out to Help Out scheme Categories: COVID-19Food & DrinkLeisure Businesses that have registered for the Eat Out to Help Out scheme, as per our previous article, can now make a claim for the discounts given to diners on a weekly basis. HMRC said that the scheme, that gives diners a 50% discount, up to £10 per person on Mondays to Wednesdays between 3 and more
Jul 14 2020 Temporary reduced rate of VAT for hospitality and tourism sector Categories: COVID-19Food & DrinkLeisure In the Chancellor’s Summer Statement, it was announced that a targeted reduced rate of VAT would be introduced, aimed at some of the sectors hardest hit by COVID-19 – hospitality and tourism. Such supplies, currently standard rated at 20%, will be subject to VAT at 5%. The new rate will apply from Wednesday 15 July more
