Partnership deal to aid manufacturers with R&D credits

23rd May 2017
Source: EEF
Posted By : Anna Flockett
Partnership deal to aid manufacturers with R&D credits

It has been announced that EEF, the manufacturers’ organisation in entering a new partnership deal with leading R&D tax relief specialist, Jumpstart, as part of its Advantages programme. The move will see Jumpstart providing expert advice to EEF members to ensure they secure their full entitlement of R&D tax relief, as well as guidance to those companies seeking to apply for the credit for the first time.

The partnership and advice will benefit all sizes of business, from FTSE 100 companies with complex R&D programmes, through to SMEs simply requiring support with the claim process.

Jumpstart will be named as an official EEF Advantages partner – joining EEF’s scheme of third party providers carefully selected to help its members save money and grow their businesses.  As part of the partnership EEF members will receive a generous discount on Jumpstart fees.

Having played a leading role in campaigning for the introduction of the R&D Tax Credit, EEF is keen to ensure that manufacturers benefit from their full entitlement. Last year UK manufacturing companies benefited to the tune of £770m through the tax credit scheme. However, a significant number of companies are either not taking advantage of the scheme at all, or are not maximising their value.

Jumpstart is a leading R&D tax relief specialist guiding companies through the complexities of making R&D tax credit submissions to HMRC. With a large team of technical analysts combining specific scientific and technical backgrounds and industrial experience they are able to identify all available eligible R&D activity and translate very technical information into meaningful reports that are fully compliant with HMRC’s R&D guidelines.

Charles Garfit, EEF Membership Engagement Director, said: “Our role is to support UK manufacturers and help them realise their growth ambitions in an ever more competitive environment. Investing in R&D is vital to attempts by manufacturers to do just that by increasing their innovation performance and productivity.

“This partnership will be critical in helping companies navigate the complexities of the process of applying for the R&D Credit. It will ensure that those companies already benefiting can maximise their entitlement, as well as enable those encountering the process for the first time to achieve a smooth route through it.”

Scott Henderson, Managing Director of Jumpstart, said: “Jumpstart is delighted to be partnering with EEF.  Building on our significant strength in the engineering & manufacturing sectors, we welcome this opportunity to contribute to the developing dialogue on innovation and we look forward to supporting both large and small companies submit robust claims for tax relief.”

You can see more from Jumpstart here. 

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