The NEAA adds more horsepower to its offering thanks to a new innovative partnership with Lumo

The North East Automotive Alliance has joined partnership with Lumo to help spread the word about Research and Development claims (R&D).

The region is world renowned for automotive manufacturing, indeed Nissan Sunderland is Europe’s most productive car plant and top ten across the globe.

The North East accounts for 26% of all Electric Vehicle production across Europe and boasts a significant growing reputation for investment into research and development.

With new and emerging technologies such as advanced propulsion, connected and autonomous vehicles. BUT stats also show that the North East is not claiming enough when it comes to R&D.

Manufacturing and Engineering are ideal R&D claim candidates. For Example, do you:

  • Spend money on developing new products? Probably.
  • Spend money on creating new processes, or enhancing existing ones? Again, probably.

So, if the above applies to you, and you’re spending a lot of time and money developing new products and creating new processes, then R&D tax credits are something you should definitely be taking a look at.

 

Calculate your claim

We've created a basic calculator to give an estimate on what your claim could be worth to you, find out more here: https://innovation.lumo.tax/neaa

 

An Introduction to R&D for a Manufacturing and Engineering Business

Download Lumo's free introduction guide to R&D for your Manufacturing and Engineering Business

 

Contact LUMO

Keen to get going - give us a call and speak to our friendly staff on 01207 460616

Taking it slow? not a problem! Our email address is info@lumo.tax