Contractor named for £2.95m sea wall project in Filey
Competition and Markets Authority provisionally clears sugar deal
Azets makes 22 promotions across three Yorkshire offices
Rail operator switches Drax trains to run on vegetable oil
York company completes another acquisition and expands in the south west
New future proposed for former rail training college
HMRC gets tougher on R&D claims
The new statistics show that the tax under consideration in R&D investigations being carried out by HMRC’s Wealthy and Mid-sized Business Compliance Directorate has doubled over the past year to reach £641m in 2023/24.
Over the last few years, there has been increasing concern about the level of fraud and error in R&D claims. Last year, HMRC published a new analysis of R&D claims in 2020-21 which estimated that almost a quarter (24.4%) of claims by value in the SME scheme and 3.6% of claims in the RDEC scheme were either incorrect or fraudulent – with a combined cost to the Exchequer of an estimated £1.13bn.
While the new report shows the estimated level of “error and fraud” in claims for 2022/23 is almost unchanged, HMRC estimates that its policy and operational measures in 2023/24 – notably the introduction of the Additional Information Form – will have reduced the overall level of error and fraud in claims to 7.8% overall (down from 13.3% in 2022/23).
Commenting on the report, Carrie Rutland, Innovations Incentives partner at accountancy and business advisory firm BDO, said: “We’ve been aware of an increase in HMRC activity in relation to historic R&D claims. Buried in the detail of today’s report are clear signs that the tax authority is getting much tougher when it comes to investigating past claims it thinks were wrong or fraudulent. “In our view, the published increases in tax under consideration must equate to a lot more R&D investigations.
“With an increase in targeted HMRC activity, many businesses may find they are subject to an enquiry triggering a large clawback in R&D tax credits. Many will require specialist advice to ensure their claims, both historic and current, are watertight.”
Offshore Renewable Energy Catapult names non-exec director
Lindum Packaging bolsters team with six appointments
Humber Freeport reviews a year of action
Institute’s relicensing signals support for STEM employers for next ten years
Footfall rises at revamped Leeds market
Grants awarded to boost accessibility of West Yorkshire cultural venues
- Castles in the Sky in Bradford – £7,100 to add rails, improved ramps and furniture to their venue, as well as buying air purifiers, live streaming tools and mobile equipment for off-site events, including audio description headsets, ear defenders and fidget toys.
- Marsden Community Trust in Kirklees – £2515.87 to install an automatic door opener and purchase 3 portable hearing loop systems for their community-run building.
- Music and Arts Production Leeds (MAP Charity) in Leeds – £10,000 for a new, permanent ramp as well as accessible, gender-neutral toilets to prepare their building to welcome the public to events and workshops.
- Pavilion in Leeds – £2,018 to invest in AI captioning technology, a microphone, webcam and screen for regular, online open-access forum meetings that host West Yorkshire artists at all stages of their careers.
- The Art House in Wakefield – £8,906 to invest in two electronic, automated single doors to improve independent access for a range of disabled artists and audience members who have expressed the need.
- The Arvon Foundation in Calderdale – £7,700 to install an accessible toilet in their new, remodelled writing barn; a flexible, creative community hub, enabling Arvon to deliver a programme of events designed for and with the local community.
- The Clay Mill in Kirklees – £9,800 to purchase wheelchair accessible pottery wheels and equipment, as well as creating a quiet space with silent wheel and clear signage.
- Transform Festival in Leeds – £10,000 to purchase captioning equipment for Transform’s biennial international festivals which will be shared via an access-focussed resource-sharing network for artists and organisations in West Yorkshire.
Farmer-led sustainability initiative secures funding to back trade
Plans submitted to reopen lower concourse at Bradford Interchange and create new public space
New Lincolnshire business event planned for October
Council seeks opportunity to make more Grimsby town centre grants to businesses
North East Lincolnshire Council is on the lookout to offer more capital grants for business ventures and community-based organisations to reactivate empty properties in Grimsby town centre.
The aim of the scheme is to bring forward smaller projects which will enhance the major regeneration works that are currently taking place, including a repurposed Riverhead Square, major works at St James House to create a small business hub, an NHS Community Diagnostics Hub, the Horizon Youth Zone, and a new cinema and leisure development.
The fund can cover projects that fit with at least one of the following six town centre priorities identified in the Masterplan:
- Introduce more diverse uses to the town centre
- Reconnect the town centre and the community with the waterfront
- Promote and support community ownership and participation
- Identify development opportunities within the town centre, including low-carbon initiatives
- Prioritise health and wellbeing activity in the town centre
- Enhance employment, skills and entrepreneurial opportunities
Since its inception many businesses and organisations have benefitted from a range of grants. Anne Bickerstaffe of Christian Action Resource Enterprise has been thrilled with the funding, which helped to secure the group a building. She said: “CARE is so grateful to the Activation & Community Engagement Fund for supporting our project, which has levered in other national funding to support the project, as many funders have asked us about local support. This newly renovated building will be a lasting legacy for Grimsby, creating and safeguarding jobs, as well as building pride in the community. It will ensure our charity’s sustainability, meaning we can serve the residents of Grimsby for many decades to come”.
Others have used the funding to provide a base of operations, such as Monica Chatterton from Our Big Picture. In 2022, Our Big Picture was awarded funding, which then enabled them to secure an additional £175,000 match funding from the National Lottery Heritage Fund to buy a Listed Heritage building in the centre of Grimsby.
She said: “This blended funding supported the establishment of North East Lincolnshire’s first Arts & Heritage Community Hub. The NLHF funding supported 2 years running costs which included four staff members. The Activation Fund was key to the continued development of Grimsby’s Arts & Cultural creative community.”
Business Enterprise Fund helps get 600 new firms off the ground
Specialist finance provider The Business Enterprise Fund has added £86m to the regional economy following an investment of £21.5m in SMEs, according to its latest social impact report.
The report for the year ended in March shows that the fund, operating in Yorkshire, the Humber, Sunderland and Manchester, helped to launch 599 new UK businesses, completed 976 client deals and created or safeguarded 4,470 UK-wide jobs.
Specialising in providing flexible finance to businesses who are improving the social and financial wellbeing of their communities, BEF is a delivery partner for the government’s Start Up Loans Programme and the Northern Powerhouse Investment Fund II’s Smaller Loans Fund via the British Business Bank.
Simon Jackson, Director of Investments at BEF said: “It’s known that 90% of CDFI customers were first denied by another lender – and yet our social impact reveals the immensely positive impact these businesses have on their surrounding communities. That could be in terms of providing employment, collaboration or creating services and spaces that serve people’s needs.”
Stephen Waud, Chief Exec at the BEF, aded: “We’re incredibly proud to have dedicated nearly 12,000 hours of investor time in supporting these businesses; we’re in a fortunate position where we’re able to serve entrepreneurs and business owners where traditional or challenger banks simply can’t.
“Our priorities lie in helping women, minorities and those who struggle mainstream funding. We started in Bradford 20 years ago and we’re now working with the lowest 35% most deprived communities across the North of England. The proof is, if we support SMEs and micro-businesses in these areas, we’ll see true social and economic transformation.”
Flood control planter goes live in Northallerton
Plans approved for 162 new homes in York
Councillors have voted unanimously to approve plans for 162 new homes off Hull Road in York.
The plans, put forward by York-based housebuilder Persimmon, will provide a mix of homes for local families, first-time buyers, and downsizers. 49 homes (30%) will either be transferred to a local housing association or sold as First Homes at a discount of between 30 and 40 percent. The site is allocated for housing in the York Local Plan and was recommended for approval by the council’s planning team. All homes will feature electric vehicle chargers and air-source heat pumps, meaning the development will exceed current building regulations and will be ‘gas-free’. The development will achieve a significant biodiversity net gain of 69% through a combination of on-site enhancements and off-site woodland planting. Properties will range from 1 to 4 bedrooms including apartments, terraced, semi-detached and detached houses. Residents will also have access to nearly 3 acres of public open space, including a children’s play area. £1.45 million will be provided for local education with other contributions going towards the NHS, sport provision, new bus stops and a new children’s play area. Joel Frank, Land Director at Persimmon Yorkshire, said: “We’re pleased that committee members have voted to reaffirm the Council’s recommendation for approval. “This development will provide a range of house types for young people, families and downsizers alike with excellent access to local amenities. “We all know the difficulties local people, particularly families have faced to get on the property ladder in the city, so we’re pleased to be playing our role in delivering new homes for the people of York.”