The COVID-19 pandemic has been tough on the economy – and businesses of all types have felt the strain.
In April 2020 alone, a quarter of UK companies closed and May saw the country enter its worst recession for many years.
Various levels of restrictions, ranging from lockdowns to the tier system, have resulted in businesses struggling to stay afloat.
However, one Manchester-based firm has set a mission to change all that: Areande.
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How Areande is making a difference
Areande helps businesses across Manchester and beyond to claim research and development tax credits.
This incentive – also known as innovation tax relief – was introduced by the government in 2000 to encourage companies to innovate.
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R&D tax credits allow businesses to claim a cash payment or a reduction in their tax bill for a variety of costs spent on innovative projects.
Founded during the pandemic, Areande’s singular goal is to “simplify the claims process and help as many firms as possible”.
As multiple sectors started being squeezed by the pandemic and social distancing measures, Areande was set up to provide innovating businesses with a “vital lifeline”.
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Spending money developing or improving new products, services, or processes qualifies you for tax relief – with many companies eligible for cash payments or tax bill reductions.
You can determine whether you’re eligible for tax relief for your innovation here.
Partnering with Areande
Scott Graham / Unsplash
Areande also runs a partnership programme for individuals and businesses searching for an additional source of income during a financially challenging time.
Areande offers a lucrative referral programme for their partners, allowing companies to make money for sending potential claimants their way.
Explaining the partnership programme, Areande stated: “We use a rigorous approach with a built-in quality assurance system, ensuring we uncover all eligible R&D costs. Our experts do all the hard work; partners need only send clients our way and wait for their reward.
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“As a partner, you’d also have access to a dashboard where you can monitor earnings in real-time and easily export data for reporting. You would also have the pleasure of seeing your clients power their businesses forward, achieving – and even exceeding – their growth plans by claiming Areande. Partnering with Areande could provide many benefits to both you and your clients.”
Research and Development Expenditure Credit (RDEC), also known as above the line R&D tax credit, allows larger companies to reclaim tax for their innovation.
This incentive is worth 11p for every pound spent on qualifying R&D activities.
Areande saves its clients from having to deal with HMRC and pledges support for almost all industries; with members of its team from agriculture, pharmaceutical, medical supplies, research, property, construction, financial and technology backgrounds.
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The company stated: “We use a streamlined and technology-driven process that can take businesses from claim to cheque in a matter of weeks SMEs, whether they are profit or loss-making, can claim up to 33p for each £1 they’ve spent on innovation.
“We have helped thousands of businesses across the country claim back millions from HMRC, with an average claim value of £53,714 for SMEs and £600,977 for large companies. We have a streamlined process; we handle everything so you can focus on innovating.”
With the money received from Areande claims, businesses have managed to increase their incomes, expand their operations and recoup some of their COVID-19 losses.
In the current climate, local businesses need a boost – and Areande is providing exactly that.
You can apply for R&D tax credits online here.To learn more about what Areande are doing to support the local economy, visit their website. You can sign up and see if you’re eligible online.
Business
Spinningfields to celebrate launch of new app with competition to win hundreds of FREE prizes
Emily Sergeant
You can be in with a chance of winning one of hundreds of free prizes just by heading down to Spinningfields next week.
In case you hadn’t heard, Spinningfields has just launched a brand-new app that’s now available to download, and in a bid to mark the occasion and properly celebrate this exciting launch, the city centre leisure and business district will be hosting an epic ‘Spin to Win’ event where there are hundreds of prizes to be won.
The new Spinningfields app is your ultimate guide to everything happening in the area, and it gives you access to special offers, fun monthly competitions, invitations to exciting events, community news, volunteering opportunities, and so much more.
Oh, and the best part about it? It’s free to download and sign up.
To celebrate the launch of our Spinningfields app, join us at Spinningfields Square between 8am and 5.30am on Tuesday 10 September. Download our FREE app, grab a FREE coffee from 92 Degrees (just for showing up), and spin to win some amazing prizes!
To start making the most of all of these exciting perks, you just need to download the Spinningfields app from the App Store or Google Play on your phone and verify your account, and then once you’ve done that, you’ll be able to head on down to Spinningfields Square next Tuesday (10 September) to spin the wheel for your chance to win some amazing prizes.
Some of the prizes on the jam-packed lineup include tickets to Chaos Karts and The Crystal Maze LIVE Experience, £100 vouchers for Australasia, £50 vouchers for Fazenda and The Ivy Spinningfields, plus free coffees, waffles, and doughnuts from Black Sheep Coffee.
You could also win yourself some complimentary cosmetic treatments at The Medika Clinic, as well as loads more, all by just spinning the wheel.
Spinningfields is celebrating the launch of its new app with a competition to win hundreds of free prizes / Credit: Supplied
And if the prizes somehow weren’t good enough to tempt you down to Spinningfields on their own, then luckily, there’ll also be a free freshly-brewed filter coffee for everyone who downloads the app and shows up on the day, while stocks last.
Basically, you’re guaranteed to walk away a winner no matter what.
The Spinningfields ‘Spin to Win’ official app launch is happening at Spinningfields Square on Tuesday 10 September from 8am to 5:30pm, and as organisers are anticipating the event will be busy one, it’s recommended that you download the app and verify your account before attending to ensure a smooth experience.
Plans unveiled to turn old Oxford Road HATCH site into new ‘entertainment hub’
Emily Sergeant
Exciting plans have been unveiled to create a brand-new “entertainment hub” in the heart of Manchester city centre.
One of the UK’s fastest-growing leisure chains, STACK – which already has several similar successful sites across the country in places such as Newcastle and Sunderland – has announced that it has now taken control of the former HATCH site beneath the flyover on Oxford Road, and will be transforming the space into a “dynamic blend” of street food, bars, and live entertainment.
The proposed new venture, which will be called STACK Manchester, has been designed with a gateway arch entrance from Oxford Road, leading to an expansive open plaza surrounded by street food vendors and bars.
Forming a permanent feature of the Oxford Road Corridor if approved, STACK Manchester will be housed in repurposed shipping containers, and arranged over two levels.
Developers say the design of the new site will incorporate “ample” glazing and pavement seating to create a “lively frontage that connects seamlessly with the street”.
Central to the development is a large stage, which will be a focal point for daily live entertainment that ranges from family-friendly events and quiz nights, to mass sing-alongs and dog shows, and in addition to this, there’ll also be two new outward-facing retail units and a dual-aspect coffee shop.
Former traders from HATCH are encouraged to apply for a place in the new STACK Manchester, and will be given priority during the selection process.
Speaking as the plans for the new development were unveiled this week, Neill Winch, who is the CEO of STACK, commented: “We believe this site is the perfect fit for our concept, and we’re excited to bring our blend of street food, bars, and live entertainment to Manchester.
“Subject to planning approval being granted, we are confident STACK Manchester will become a much-loved venue for local residents as well as a successful visitor attraction.”