QES Breakfast – Brexit: Business as Usual?

October 7 @ 8:00 am10:00 am, venue: Vulcan to the Sky, Hangar, Doncaster, DN9 3GA

Hear the results of the Q3 Sheffield City Region Quarterly Economic Survey – the first business survey since the EU Referendum.

Find out how businesses in the Sheffield City Region have been impacted since the vote to leave the EU – for better or worse.

Business leaders from across the Sheffield City Region will meet to hear the results of the first Quarterly Economic Survey since the EU Referendum vote and debate how they are managing the uncertainty around the general economy.

The results will also show when Sheffield City Region respondents think when Article 50 should be triggered to leave the EU and what they think are the most pressing issues the Government needs to clarify and work on.

There will be plenty of networking opportunities over breakfast with other regional businesses.

CLICK HERE TO REGISTER

Agenda

8.00
Registration & breakfast

8.30am
– Welcome – Dan Fell, CEO, Doncaster Chamber
– Introduction to the QES and the current economy – Greg Wright, Deputy Business Editor, Yorkshire Post
– A word from the sponsor – Darren Marshall, RBS South Yorkshire & North Derbyshire

8.40am
Sheffield City Region Quarterly Economic Survey results – Prof. Andrew Simpson, Associate Dean External Business Advancement, Sheffield University Management School

9.00am
Keynote speech – The longer term challenges and opportunities that the Sheffield City Region faces and how Brexit will impact. Paul Swinney, Principal Economist, Centre for Cities

9.10am
Panel discussion with Q&A
Richard Walsh, Managing Director, Pennine Stone
Lee Bartlett, Senior Manager, Fragomen Worldwide
Gareth Owen, Group Solicitor, QFM Group
Nigel Brewster, Vice Chair, Local Enterprise Partnership
Renate Halton, Owner, Halton International

9.40am
– Free Flights Prize Draw courtesy of Doncaster Sheffield Airport
– Networking

10.00am
Close

Businesses need to be clear about what they want from Brexit and the role of the Chambers and local government is more important than ever to communicate this. The survey results and event discussions will be used by the Sheffield City Region’s four regional Chambers of Commerce and Local Enterprise Partnership to offer the right business support and lobby Whitehall for the right frameworks to be agreed internationally to meet the needs of regional businesses.

Have your voice heard.

BANK HELPS MARINE MANUFACTURER LAUNCH DRONE BUSINESS

A South Yorkshire manufacturer and distributor of marine equipment has launched a new drone making division with a start-up funding package worth £250,000 from HSBC.

Martek Marine set up Coptrz having identified a gap in the market for a range of commercial drones which could be used in a variety of sectors and industries throughout the world, including marine and emergency services.

HSBC’s start-up fund and international network has allowed Corptrz to invest in the manufacturing and marketing of its products and to focus on increasing its exports into Europe, as well as consolidating its market share in the UK.

The business is expected to increase turnover to a projected £1.7m in its first year, rising to £5m the following year.

In addition, the funding package has facilitated the recruitment of two new members of staff who have joined the existing Coptrz team at its Rotherham headquarters to ensure the business keeps up with increasing demand for its products across the globe.

Steve Coulson, director at Martek Marine, said: “The funding package from HSBC has been instrumental in ensuring Coptrz has a solid start.

“The bank’s support and international reach has also allowed us to begin implementing our export strategy and to recruit the talent we need to make Coptrz a successful part of the wider Martek Marine business.”

Mike Swift, HSBC area director for West and South Yorkshire, added: “We have worked with Coptrz from the beginning and it is an excellent example of a UK business having both innovative products and an export-led growth strategy.

“The finance package has supported the business in pushing forward into different international markets such as Germany, USA and the Far-East by assisting with its international travel and direct sales costs.

“We look forward to seeing their business thrive.”

The deal was arranged by Julie Bowler, corporate relationship director for HSBC South Yorkshire.

Source: Laurence Kilgannon, Insider Media, 16th September 2016

ICYMI: Yorkshire manufacturers taking a ‘wait and see’ approach following the UK’s decision to leave the European Union

On Thursday 7th July our Sheffield office of PwC welcomed  finance professionals from local manufacturing businesses at a briefing that focused on innovation, the future direction of the UK manufacturing industry and ways in which local businesses can continue to drive growth in what is likely to be a challenging environment.

One thing that is clear and was voiced by many of those attending the event was that following the UK’s decision to leave the European Union, businesses are undoubtedly more cautious, with many now taking a ‘wait and see’ approach.

However what is fundamental in these uncertain times is that, stakeholder and senior management teams continue to explore relevant opportunities to grow within this fast moving and developing sector to ensure they maximise their potential. Businesses will need to be agile and flexible and ensure that their processes and projects are managed efficiently and effectively at all levels.

Innovation: R&D Relief

Did you know?

  • The manufacturing sector accounts for 31% of claims made and 37% of the total value of claims made (the largest sector for both number and value of claims).
  • The value per claim is significantly lower in Yorkshire than the South East suggesting that as a region we are under claiming.
  • There is often a misconception in manufacturing that R&D only exists in relation to new product development, which can often result in large values being missed in relation to process efficiency and software development.

To understand what qualifies for R&D expenditure and ensure you are maximising your existing claims with up to date methodology click to download Innovation & R&D Relief now

Capital Allowances: Has your business claimed all the tax relief it is due?

Did you know?

  • It is estimated that millions of pounds of capital allowances go unclaimed each year.
  • Crucially, there may not be a time limit for claiming capital allowances and we have had considerable success in generating tax savings for manufacturers by revisiting previous claims prepared both in-house and by other advisers.

Download Capital Allowances to learn more about the areas that you should be focusing on to ensure previous, existing and future capital expenditure adds the appropriate value to your business

Kevin Strauther, PwC Assurance Director, who leads on manufacturing across Yorkshire & Humber, commented,

Kevin Strauther - photoThe UK manufacturing industry has a strong track record of adapting to change, allowing for growth, innovation and technological advance. Developing and retaining key skills within the business is vitally important as manufacturers look to new technology in robotics and automation to solve age old problems.”

“The R&D tax credit scheme and Capital Allowance regime are there to support businesses within the UK and manufacturers should ensure they maximise the available opportunities to fuel investment. Although in the current post Brexit climate UK manufacturers are facing uncertainty we should look forward with positivity as with challenge comes opportunity.”

For further information and if you would like to benefit from a free health check please click here