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:
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.
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
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