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
Heritage railway arches in Manchester city centre to undergo £3.7m transformation by HOME arts centre
Danny Jones
A section of the iconic railway arches along Whitworth Street is set to be refurbished into a brand-new development space for up-and-coming local artistsunder HOME.
Having existed as a recognisable part of the city’s rich transport and architectural heritage for as long as we can remember, three of the familiar archways situated on Whitworth Street West are now about to be given a new lease of life which will also help support Manchester’s beloved arts community.
Coming under the HOME theatre and arts umbrella with the work being carried out by the North West arm of Robertson Construction, the transformation is set to start fairly soon and is scheduled to be completed by May 2024.
Sitting between Whitworth Street West and HOME’s main arts building at Tony Wilson Place, which has been a popular cinema, gallery and restaurant since 2015, the new development centre will provide a space and vital resources for artists of all ages, disciplines and stages in their careers. Wonderful stuff.
Costing £3.7m, the goal of the ‘HOME Arches’ project is not only to give the Whitworth Street West Arches some much-needed TLC, but to help nurture, attract and retain creative talent in Manchester by providing them with a high-quality, low-cost rehearsal and training space.
Moreover, being connected to the ever-thriving First Street district will further strengthen it as a well-known and go-to city centre destination for artists and visitors alike.
Funding for the renovation was secured back in 2021 following a £2.3m government grant, with a further £0.9m contribution from Manchester City Council and around £0.5m from HOME themselves, who are helping cover some post-construction costs.
The Arches project is part of a wider £20m redevelopment plan under the national Levelling Up fund, with the bulk of the £17.5m scheme seeing the Upper Campfield and Lower Campfield Market buildings (both Grade II-listed structures) lovingly transformed into a new tech, media and creative industries hub.
Issuing a statement following the announcement, Director and CEO of HOME, Dave Moutrey said they are delighted to provide “meaningful, additional creative space for artists” and allow them to “grow the work that we do with artists in the North West, across theatre, film, visual art and digital works”.
As for the Council itself, leader Bev Craig said: “These arches are part of our heritage which have sat unloved and underused for many years. This scheme is bringing them back to life with a very modern purpose – complementing the thriving cultural economy in our city.
“Culture has a huge role to play in the success of our city and its people – creatively, for health and well-being and economically. This project will enhance this part of the city centre, create new jobs and further strengthen Manchester’s cultural ecosystem.”
We can’t wait to see how the new historic railway arches look under the loving stewardship of HOME and see the impact it makes on local creativity and culture.
New bidder enters the race to buy Man United, but there’s a catch — he wants fans to pay for half of it
Danny Jones
Following the last-minute flapping around Wednesday’s supposed 9pm deadline for those looking to buy Manchester United, one of the latest bidders has revealed themselves with a unique new offer.
Despite it being initially stated that frontrunners Sheikh Jassim bin Hamad Al Thani and British billionaire Sir Jim Ratcliffe had submitted their second bids in time for the deadline, miscommunication between United, their brokers and the bidding parties meant that those reports turned out to be premature.
In actuality, both the Qataris and Ratcliffe’s INEOS group had been granted an extension and will now submit their follow-up offers tonight (Thursday, 23 March). However, it was revealed that “approaching eight” other candidates had emerged and one of the newest bidders’ proposals has raised eyebrows.
Thomas Zilliacus is a Finnish entrepreneur who operates as Founder and Chairman of the Mobile FutureWorks investment and novaM social media groups. Now, according to a statement issued by the new United bidder, he wants to make a kind of social media app part of his offer — and that’s not all.
Zilliacus plans to buy all the Glazers shares using XXI Century Capital (an investment firm he owns) and fan funding. Latter expected to come only if he's successful. In other words, XXI Century Capital would make an outright bid then secure fan funding rather than before.
According to CBS Sports‘ Ben Jacobs, although Zilliacus is also yet to submit an official bid — said to have simply written a “letter of intent” to Raine Group, who are handling the deal — he has now publicly expressed his interest in buying the club and detailed how he plans to do it, it seems like a serious offer.
As the 69-year-old goes on to explain in his lengthy press release, he believes that “any sports club ultimately should belong to its fans” and that the current trend of “billionaire sheikhs and oligarchs taking over clubs and controlling them as their personal playgrounds is not a healthy trend”.
While many will no doubt agree with the sentiment, with the UK government themselves having recently announced a new independent regulator will be installed throughout English football, Zilliacus’ solution to not only purchasing the club and putting control back in the hands of the fans is an intriguing one, to say the least.
Stating that his team believes the current value of the club is approximately $3.9 billion (£3.45bn and some way off the Glazers’ £6bn asking price), he poses the suggestion of financing half of the sum by buying the Americans out and, “through a new company being set up for this specific purpose”, fans would then be encouraged to cover the rest by buying the remaining shares for less than $3 each. Yes, really.
Zilliacus, who is a former footballer and ex-chairman of Finland’s 32-time champions HJK, is also open to partnering with another group in the process.
Now, while fans owning and essentially helping run their own club has long been considered an ideal scenario for many supporters groups who have wrestled to keep some control from owners who are only financially invested in the club, the issue of stability and funding always remains an issue.
You only have to look at instances like Derby, Bolton, Bury, Macclesfield and more in recent years to see how precarious the situation can be. However, in cases like AFC Wimbledon, St Mirren and even clubs as big as Bayern Munich, significant ‘part ownership’ can be a recipe for both stability and success.
Zilliacus insists that not only is his “bid is built on equality with the fans”, but they will have a direct impact on how it is run through this novel new app where supporters “from anywhere in the world, can participate and cast their vote when deciding on footballing matters relating to the club.
As he goes on to clarify, “no decisions will be taken that are not supported by a majority of the fan base”. His proposition is, essentially, to put decisions that often do or should get put to a fan vote anyway onto an app to make the communication and cooperation with the club more streamlined.
It almost sounds too good to be true, especially for a sporting franchise of this size and with such a global fan base. Unsurprisingly, plenty have reacted as such, with one account dubbing it “the funniest thing I’ve heard all week” and another simply saying, “Never ever going to happen”.
Jacobs did go on to state that Zilliacus is likely to submit a formal bid to buy the Glazers out of their shares through his XXI Century Capital investment firm (controlled by the Mobile FutureWorks holding company) before potentially inviting fans to help with funding. Either way, it all sounds very unlikely.
On the other hand, many haven’t been as quick to rubbish the concept off-hand and the fact he also happens to be a former footballer, not to mention part of Finland’s six-time ice hockey champions Jokerit ownership, has also been listed as a positive. Similar has been said of Ratcliffe’s Team Sky and OGC Nice ties.
You can read his full statement and details of his proposal down below:
The Manc -
25th January 2021 
