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
Manchester streaming platform StreamGM unveils four-part creative industry careers podcast
Thomas Melia
A new four-partpodcast by StreamGM featuring some of Greater Manchester’s top creatives has launched with the aim of powering creative careers.
Produced by Rebecca Swarray, a.k.a. ‘RebeccaNeverBecky’ – the founder of the Manchester events and arts collective – this podcast is designed to “ignite and elevate creative careers in music.”
Swarray deep dives into the current Manc music scene and beyond with the help of fellow insiders who vary upon each episode.
There are four parts in this latest series and there’s lots to cover, especially in an industry that’s ever-changing and ever-challenging.
Some of the guests and speakers you can expect to listen to on ‘ICAM’ (In Conversations and Masterclasses)Credit: StreamGM/The Manc Group
Listeners can expect to learn all about ‘Women Behind The Music’ as part of the In Conversations and Masterclasses series with Sophie Bee, Sara Garvey and Kat Brown.
The next episode delves into another key music industry area, ‘Promoters, Venues And Events’, which is broken down by Baz Plug One, Strutty, Tashadean Wood and Liv McCafferty.
‘Artist Development And Management’ features Karen Boardman, Karen Gabay, Damian Morgan, and Via Culpan deep in discussion.
The final episode in this four-part series is ‘Videography And Photography In The Creative Industries’, which sees Johan Reitan, Alice Kanako and Ahmani Vidal talking all things visual.
These four features will be an incredible resource for any creative talents as it put together by professionals for upcoming professionals of any age from any background, race, gender and walk of life.
After all, that’s what is all about, right?
Abbreviated to ‘ICAM’, the podcast is certainly one to check out, with for aspiring artist managers, producers, photographers, promoters—anyone driven to make their mark in music and events.
These podcast sessions understand industry challenges, explore career journeys, creative influences, crisis management and lots more creative field concerns.
You can find the first episode in full down below:
The first episode of the new limited StreamGM podcast.
This run of shows is the second instalment by StreamGM: Greater Manchester’s phenomenal streaming platform dedicated to all things music, nightlife and culture.
Whether you’re a budding creative arts talent or just curious to find out insights into this wonderful innovative industry, you can listen to all the episodes from the series directly on StreamGM HERE.
Elsewhere in Greater Manchester music news, another very special event is kicking off very soon:
Featured Images — Publicity Picture (Supplied)/The Manc Group
Business
Comedy is being prescribed instead of antidepressants as part of UK trials
Emily Sergeant
Trials are currently underway to see if comedy could be an alternative to antidepressants as a way to reduce NHS costs.
UK tech company Craic Health has secured important funding for its ‘comedy on prescription’ project that’s aimed at helping the Government work with the comedy industry, communities, and organisations on comedy-based social prescriptions in the hope that they can solve financial struggles within the NHS.
The groundbreaking scheme uses stand-up shows and workshops to help people who are isolated, lonely, and vulnerable.
Craic believes comedy is an ‘untapped opportunity’ to improve health and wellbeing, and has a goal to make comedy easier to access, so that it can help communities experience its mental health and social benefits.
To achieve this, the company has started trialling Comedy-on-Prescription experiences in the UK – starting in London, with the potential for expansion – which includes things like curated comedy panel game show events and workshops, and general stand-up comedy shows at some of the capital’s world-famous venues.
Comedy is being prescribed instead of antidepressants as part of UK trials / Credit: Wikimedia Commons
“Mental health issues like loneliness, isolation, and stress are more common than ever,” the company explains.
“So much so that it’s projected that by 2030, mental health problems, particularly depression, will be the leading cause of mortality and morbidity globally, [but] in this challenging world, comedy stands out as a universal language that breaks barriers.
“Research shows that comedy and laughter have powerful effects – they bring people together, create positive connections, and make life more enjoyable.”
Craic Health says that social prescribing, of which Comedy-on-Prescription is a part of, is all about inclusivity, which makes it making it suitable for people of all ages, backgrounds, and abilities.
Its focus is on personalised support, tailored to individual needs and preferences.