It's 1:22pm on Sunday 20th May, 2012

Digital and creative fund makes first investments

I attended the Lancaster ICT Cluster meeting at InfoLab21 on Thursday 12th May. One of the presentations was from David Smith of AXM venture capital, manager of The North West Fund 4 Digital & Creative, who said in his presentation that the initial investments were about to be announced…… It was announced last week that the £15m [...]

R&D tax credits: Don’t let test tube imagery put you off

My colleague, Rachel Marsdin, presented on the subject of Research and Development (R&D) tax relief to the Lancaster ICT Cluster meeting at InfoLab21 last Thursday night (12th May). The presentation received great feedback from those in attendance with some real examples given to highlight the extent to which this relief can assist businesses carrying out research [...]

Why Budget 2011 is good for creative businesses

The Chancellor has introduced extra tax reliefs for innovative firms and entrepreneurs. The rate of the SME research and development tax credit is to increase to 200 per cent as from April 2011. The plan is that it will rise further, to 225 per cent, as from April 2012. The R&D credit scheme is also [...]

North West Fund – Business Plans Required!

The North West Fund opened for business on 20th December 2010. Initially, £170m of The North West Fund will be allocated to the 6 Fund Managers, The Fund Managers then have a mandate to invest their allocation into the specific product or sector they manage, before 31st December 2015. The £15m remaining will be available [...]

‘Patent Box’ Pending…

The closing date of 22 February 2011 in the consulting phase on a preferential regime for profits arising from patents, known as a Patent Box, is nearly upon us. Originally announced by Alistair Darling in his pre-Budget statement in December 2009, this will essentially provide a tax break on income generated from patents, such as [...]

Planning for life after the business founder

For many businesses the departure of a founder who is the heart and soul of the organisation can leave the company staring in to an abyss. Who would then take over the company operations? Who can be trusted to carry on product development, key sales account management and service delivery?  Who will build upon the [...]

Free advice for digital and creative firms

Businesses working in the digital and creative sector will be able to meet a range of specialist advisors to the industry at an event to be held in Lancaster next month (March). The free Planning for Success event will be held the Storey Creative Industries Centre (Storey Institute), Meeting House Lane, on Thursday March 11 [...]

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