Nautilus Associates help innovative companies in the region save money with Tax Credits scheme

R&D Tax Credits are an HMRC UK tax incentives scheme designed to encourage companies to invest in innovation, allowing them to offset the cost of investment in Research and Development using tax credits. The scheme reduces the tax burden on companies striving to innovate, or can at least increase their taxable losses.

The regional energy and low-carbon economy is full of start-ups bringing innovative products to the market, who may not know they are eligible for this support from HMRC.

Applying for the scheme can be difficult for businesses to navigate, especially smaller, leaner operations without dedicated financial services support. Nautilus Associates, the energy and consultancy group have partnered with a leading local accountancy firm to offer a joined-up service for businesses like these.

Nautilus Associates understand the needs of local energy sector firms and the challenges they face competing on a global stage. By combining their business insight  with the expert tax knowledge, the two companies are able to offer a streamlined service to customers that helps them make use of this valuable scheme.

It is hoped the service will help more companies reduce their tax burden, enticing them to take more chances with R&D. The innovation in energy and low-carbon in the eastern region has helped it carve out a global reputation for excellence in the sector.

Kim Duffy, Finance Director at Nautilus Associates is excited for the prospects it brings to their customers:

We are thrilled to announce this exciting new offer. Together we offer an even stronger service to our new and existing clients. By using our experience in innovation, we can work to prepare the supporting documentation for HMRC in a format that minimises the likelihood of challenge.

For more information on the service from Nautilus Associates, the scheme from HMRC or insight into the innovation landscape in the local energy sector contact Kim Duffy: 0333 370 4429

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The Team

Katie Snell

Having worked within the property department for 9 years, I have had the pleasure of working within the majority of the Nwes sites in the Norfolk and Waveney area. For the last 2.5 years I have been based at OrbisEnergy and more recently as Senior Coordinator overlooking the renewable hub and team.

Devon Mills

Devon has joined the team at OrbisEnergy as an Administration Coordinator in November 2014 and more recently a Centre Coordinator in January 2016. Having previously worked within various customer service roles she is pleased to be able to apply her skills and knowledge to her position at OrbisEnergy.

She is keen to build a strong understanding within the Offshore Renewable industry, whilst being able to develop a good mind for business and sales.

Johnathan Reynolds

Johnathan is responsible for all aspects of business and supply chain development for the flagship innovation and incubation centre for offshore renewables in the east of England, OrbisEnergy.

Matthew Holden

Matt’s role is Technical Support Manager, his main duty is leading the European Clusters for Offshore Wind Servicing Project (ECOWindS, www.ecowinds.eu) on behalf of Nwes. In addition to ECOWindS Matt’s role is provide support for the property team and to carry out specific project work.

John Balch

John is Managing Director of Nautilus, Director of Nwes and Hub Director of OrbisEnergy and Beacon Innovation Centre. He is a mechanical engineer and has broad experience gained over 40 years in the international offshore industry.

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