EEF Insight: R&D tax relief

HMRC is encouraged to provide support for qualifying companies
Posted on 7 Mar 2012 by

Wen Zheng is a mechanical engineering consultant at Leyton, an international group with 15 years global experience in processing R&D tax claims. But Zheng is concerned that only a relatively small number of manufacturers still take advantage of this support. Here she raises awareness.

National Insurance: a taxing question

National Insurance contributions can prove to be a constraining factor for manufacturers

The Autumn Statement in 2011 primed industry for details on ‘above the line’ R&D tax relief and the introduction of the Patent Box, due in the Budget in late March 2012. These tax adjustments are designed to help industry grow in the UK, but do they side-step a much more direct route to economic recovery and the reduction of unemployment? TM investigates the constraining effects of employer National Insurance contributions.

Is state banking the solution to poor access to finance?

Posted on 5 Mar 2012 by

Andrew Johnson, from the manufacturers’ organisation EEF, blogs on whether there is a need to create a state banking institution.

“Industrial banks, national investment banks, SME banks, regional banks – and the government’s mislabeled ‘green investment bank’ are all the subjec…

European Commission urges EU states to review retirement age

Europe flag in tree. Attributed to NiccolA Caranti
Posted on 17 Feb 2012 by

The European Commission (EC) said yesterday that member states needed to raise the retirement age to reflect an increase in life expectancy, warning that failure to do so will strain public finances.

The EU’s employment policy commissioner Laszlo Andor presented a draft proposal, saying …

Banks fail to meet lending target for 2011

The Government is to scrap the Merlin Project this year
Posted on 11 Feb 2012 by

Under Project Merlin, four of the ‘Big Five’ banks have beaten their lending targets, while RBS lent £3.3bn less than its target, leaving a shortfall of £1.1bn in loans for small and medium sized companies.

Lloyds, HSBC, Santander and Barclays all met their lending targets to SMEs (Small to M…

£70m refinancing at Energy Alloys

Posted on 7 Feb 2012 by

US oil field metals company Energy Alloys, which has its UK head office in Rotherham, has secured a £70m senior secured credit facility.

Energy Alloys provides oil field metals and equipment to global oil and gas manufacturers and service companies. It has domestic operations in the UK and intern…

Finance and professional services: Capitalise on finance options

CIF provides a combination of trade and asset finance along with other support services
Posted on 6 Feb 2012 by

Jane Gray investigates a new finance product designed to support the import of capital equipment and ease the pain of international purchasing for British manufacturers.

The last couple of months have seen mounting comment and commentary on ‘alternative finance’ options for UK businesses…