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.
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.
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”.
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.
“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.
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
Gymshark is opening its first standalone northern store in Manchester this weekend
Emily Sergeant
A huge new Gymshark store is opening in Manchester tomorrow, and it’s the brand’s first standalone store in the North.
The global sportswear and fitness brand will be setting up shop at the Trafford Centre and taking over a large 7,500 ft space on Upper Peel Avenue with all of its iconic Gymshark ranges, including the massively ‘Vital’ and ‘Power’ collections, as well as some exciting new exclusives for Gymshark Trafford Centre.
The store itself is said to have Gymshark’s ‘increasingly trademark’ look and feel throughout it, including mannequins that are created from the image of real people in the community, different destinations for its hero products, and spacious changing rooms with bespoke lighting.
Unfamiliar with Gymshark? Since it was founded by Ben Francis from his garage in 2012, the brand has gone on to become one of the UK’s greatest business success stories of the 21st century – with more than 20 million people across 200 countries now counting themselves as members of the Gymshark community.
Gymshark is opening its first standalone northern store in Manchester this weekend / Credit: Supplied
The new Trafford Centre will be Gymshark’s first standalone store in the UK outside of London, and follows recent openings in Dubai and Amsterdam, as well as coming ahead of the opening of Gymshark’s first flagship store in the US later this year.
Most importantly, it builds on the brand’s long association with Manchester, as one of the first-ever Gymshark meet-ups was in the city, as well as its first ‘Lift’ event post-COVID.
Gymshark also credits the public’s reception to its space inside Selfridges at the Trafford Centre as one of the driving forces behind its choice to open a permanent store within the shopping centre, calling it ‘nothing short of spectacular’ and adding that the new opening genuinely solidifies Manchester’s role as a ‘big brother’ to a Brummie brand.
“We’re thrilled to welcome Gymshark’s first Northern store to Trafford Centre this weekend, joining our growing athleisure and sportswear offering at the centre,” commented Simon Layton, who is the Centre Director at Trafford Centre.
“We have no doubt that Gymshark will prove immensely popular and can’t wait to welcome them on opening day.”
Gymshark is opening at the Trafford Centre tomorrow (Saturday 12 July) with a grand ribbon cutting at 10am, followed by goody bags, refreshments, and merch being handed out for those waiting in line.
There’ll also be different fitness challenges to take part in too, in true Gymshark spirit.
Featured Image – Trafford Centre
Business
Much-maligned derelict Stockport site to be turned into town’s latest tower block
Danny Jones
A derelict site in the centre of Stockport is finally set to be bulldozed and turned into a brand new tower block worth a reported £70 million.
The regularly reviled Victoria House on Wellington Street, situated close to the large, grey Stopford House and opposite a local branch of Grosvenor Casinos, was built back in the 1960s – as its old metropolitan exterior makes evident – and has been tipped for redevelopment over the last decade.
Sitting on the corner of the Greek Street roundabout, it has remained mainly empty since 2019, with various developers looking to transform it into various residential reboots.
Now, nearly 10 years later, the building looks to be finally ready for the next chapter and a new lease of life, with property firm Progressive Living (PL) hoping to turn it into two main eight and 20-storey tower blocks, with tiered levels, different room capacities and rooftop spaces.
The former office building was once part of the nearby Jobcentre Plus branch, just down the road, not to mention one of several similar abandoned and underutilised spaces with untapped potential in the area.
Along with the demolition of the structure itself, the adjacent Fletcher Street car park that sits between Victoria House and the aforementioned casino will also make way for the apartments.
With the planning permission application submitted earlier this year and officially greenlit by Stockport Council on Thursday, 3 July,
Promising a mix of one, two and three-bed properties, the company are planning to build a total of 245 homes, though there has been some criticism regarding affordability – a significant increase on the initial idea to turn the 13,000 sq ft office unit into 21 flats some years ago.
Speaking on the project, PL director David Fairclough said: “We’re delighted to have secured planning for what will be a flagship scheme for Stockport.”
“This approval represents a major milestone for a project that’s been six years in the making, and we’re proud to play our part in shaping the next chapter of the town centre’s transformation.
“With demolition due to start later this year, we’re looking forward to delivering much-needed new homes in a sustainable, future-focused way.”
A CGI of what the new residential tower block in Stockport town centre will look like. (Credit: PL)
Construction is slated to start next spring, and they’re hoping to complete the project by summer 2028.
Developers hope to start demolition works this year, with construction expected to start in spring 2026, and completion targeted for Summer 2028.
Local councillor Micheala Meikle, who serves as the town’s cabinet member for regeneration, said: “This is another important step in transforming Stockport as part of the UK’s biggest town centre regeneration.
“These high-quality new homes will bring more people into the heart of the town, supporting local businesses and making the most of our new transport links.
“With the Mayoral Development Corporation delivering 8,000 new homes and Metrolink on the horizon, we’re building a town that works for the future – somewhere people choose to live, work and put down roots.
“This is exactly the kind of accessible, sustainable scheme we want to see in the town centre — creating homes for all ages as part of a thriving, low-carbon community.”
The Manc -
25th January 2021 
