Funding innovative local economic recovery projects

BCP Council are looking to provide funding for projects which demonstrate innovation, provide clear benefits for the local economy, generate pride in the place we live and are deliverable. 

Businesses of all sizes and types (including charities) within the area can apply for a grant through our Bounce Back Challenge Fund.

Open until 7 May, the competitive application process will be used to unearth and provide grants for a limited number of projects. We may award:

  • Up to £15,000 – for smaller projects or individual business ideas
  • Up to £70,000 – for larger projects which can include partnership or cross-sector working

Your proposal must be carefully considered and include as much detail as possible.

Click here for more information and how to apply. 

 

Saffery Champness Accountants review big tax benefits to switch to lower emission vehicles

The move to drive down the UK’s carbon footprint is increasingly evident in the taxation of low and zero-emission vehicles – not only in terms of the taxable benefit in kind falling on employees for such vehicles provided by employers, but also with regard to vehicle excise duty and capital allowances.

Ian Harlock-Smith, Tax Director, Saffery Champness, and member of the firms Professional Practices Group, highlights the tax benefits of switching to lower emission vehicles, as the incentive to switch strengthens. He says:

“The benefit in kind rate for low and zero emission vehicles is now structured to make buying electric vehicles much more attractive. The taxable benefit for electric only cars is just 1% in 2021/22, and 2% in 2022/23. The road tax rates for pure electric vehicles have been reduced to nil until at least 2025.

“For hybrid vehicles with CO2 emissions from 1-50 g/km, the taxable benefit rate increases gradually up to an annual charge of 14% of the list price, as the electric range decreases. These vehicles can also benefit from reduced rates of road tax.”

Businesses can claim 100% of the cost of a zero-emission electric vehicle, as a first-year allowance against the taxable profits of the business in the year of purchase. There are no restrictions on the value of the vehicle, or annual expenditure limit, but the vehicle must be purchased new and unused.

Companies can also now benefit from the new ‘super-deduction’ which offers a 130% first year allowance on qualifying electric charging points for cars. To qualify for the relief, the company must use the charging point in its own business. The super-deduction is only available for companies and for qualifying expenditure up to 31 March 2023.

Ian adds, “There is also the government plug-in car grant which is designed to promote the uptake of electric vehicles in the UK. The government will now provide a grant of up to £2,500 towards the cost of an electric plug-in vehicle, where it costs less than £35,000. It is applied at the time of purchase and is usually given as a discount from the price of the vehicle. The vehicle must have an electric range of at least 70 miles and, if a plug-in hybrid, must also have combined CO2 emissions of 50g/km or less.

“It should be noted, however, that VAT is not recoverable on the purchase unless it can be demonstrated that the vehicle is only available for and used solely for business purposes, which in practice is usually very difficult to achieve.”

A 100% first year allowance is also available for businesses installing charging points for electric vehicles up to 31 March 2023 and, where employees have had free use of an employer’s charging point at or near the workplace to charge their own electric vehicle, there is no taxable benefit for the employee. Where the employer reimburses employee costs for charging their own electric vehicle away from the workplace however, a taxable benefit will arise. There is no taxable benefit where an employer pays for the cost of charging anemployer provided electric vehicle.

There are other points to note with regard to vehicle charging, reimbursement, and VAT recovery, and a discussion with your tax advisor would be beneficial if considering investing in low-emission or electric vehicles, to ensure the correct tax treatment.

Further information from:
Ian Harlock-Smith
Saffery Champness
T: 01202 068494
E: ian.harlock-smith@saffery.com

About Saffery Champness LLP

Saffery Champness LLP is a firm of chartered accountants that advises individuals and families, not-for-profit organisations and businesses across a range of sectors. As a member of Nexia International, it is part of a worldwide network of independent accounting and consulting firms.

For over 160 years, the firm’s success has been founded upon providing clients with a genuinely partner-led service and working with them to create bespoke solutions that help them to achieve their personal and business objectives. For more information visitwww.saffery.com or see Twitter @Safferys

Eco Sustainable Solutions supporting Robert Louis Stevenson site’s development by Westbourne Rotary Club

Eco Sustainable Solutions has shown its support for a community project at Skerryvore -a garden which was designed and constructed by the Bournemouth Corporation in 1957 as a memorial to Robert Louis Stevenson who occupied the house on the site from April 1885 until August 1887.

The house, which was destroyed by enemy bombing on 16th November1940, was named after the Skerryvore Light house built by the Stevenson family firm on the Argyle coast.

Eco has donated 2 tonnes of compost to be used to create raised bedded areas at Skerryvore and also used to create the borders in the raised wall ruins and foundations.

The project is being undertaken by Westbourne in Bloom and Westbourne Rotary Club.  Westbourne in Bloom created the organisation, ‘Friends of Skerryvore’ 2 years ago and is made up of a dedicated team of volunteers who will be meeting at Skerryvore on the 3rdSaturday of each month to continue to develop the site.

Westbourne Rotary Community Chairman and Bournemouth in Bloom President Reverend Chris Colledge said, “We are thrilled with the support shown to us by Eco Sustainable Solutions.  It’s brilliant how they are helping to support our work. The changes we are making are quite significant and the space is definitely being transformed.”

Eco’s Brand Manager Harrie Cooper added, “It’s hugely important to respect our historical landmarks and regenerate these spaces for our future generations.  The work that the ‘Friends of Skerryvore’ are doing is invaluable and they are creating a fabulous community space for people to enjoy.  At Eco we are extremely proud to continue to support worthwhile community projects like these.”

About Eco Sustainable Solutions
Eco employs 45 people at three sites across Dorset, processing local, natural organic waste each year which is put back to good use as compost, soil improver, fertiliser, landscaping products and biofuels. It treats 250,000 tonnes of waste a year and also produces clean power from solar power, anaerobic digestion and combined heat and power (CHP).

Dorset and BCP councils have produced a joint waste plan that estimates the local area will need to process an extra 232,000 tonnes per year of waste left over after recycling. The councils’ strong preference is to recover energy from this leftover waste ‘wherever practicable’, to minimise the use of landfill and to treat waste locally rather than have it travelling out of the county.

For more information, visit www.thisiseco.co.uk.

The A-Z of Angel Investing – an event to encourage more women into Angel investing

Dorset Business Angels (DBA) is to host a brand- new event with the aim of encouraging more women into Angel investing.  The webinar will take place on May 18th, entitled the ‘A-Z of Angel Investing’, and will be hosted by UK Business Angels CEO Jenny Tooth OBE.

Jenny advised, “I am thrilled to be hosting this event and welcoming a wonderful mix of women from across the UK, keen to learn more about the possibilities and opportunities in Angel Investing.  Recent research into women in Angel investing has shown that the proportion of women investors is very low compared to their male counterparts, with 85% of investors being male and yet the national picture shows that 45% of the nation’s wealth is owned by women. We are keen to investigate the reasons behind this and change the statistics.

“Angel investors come from a diverse range of backgrounds, but nearly all have one goal in common – they want to use their money and experience to help young entrepreneurs scale up their businesses to the point where they will achieve a successful exit over a 5-7 year time frame.

“The programme will include:

• An overview of Angel funding
• What to look for in a pitch
• Building an investment strategy
• Explanation of the risk awareness journey
• The opportunities and challenges as a female investor

“We also look forward to welcoming guest speakers from our DBA event Partners and Sponsors, with presentations from Saffery Champness Accountants Partner Hannah Mazrae, Ellis Jones Solicitors Partner Kate Brooks and Senior Investment Director Hannah Dampney and Financial Planning Director Amanda Cook from Investec Wealth & Investment. Each will be sharing their relevant professional and financial areas of expertise to support the Angel investing process.”

To find out more about the event, register through the link below. http://bit.ly/317VOnI

DBA was formed in 2013 with the aim to bring investors and entrepreneurs together to accelerate the growth of early- stage businesses. DBA provides quality, private equity investment opportunities to local high net worth (HNW) and sophisticated investors (SI).

Four times a year companies are invited to attend an event at which they pitch their business to the savvy Angels in a Dragon’s Den type scenario. Angel investment might come from a single investor or it could be 2 or 3 Angels pooling funds together to support a company. Any investments are in the form of an equity investment and not a debtor’s loan. Investments are made across all sectors.

 

Hannah Mazrae promoted to Partner at Saffery Champness Accountants

Hannah Mazrae has been promoted to Partner at Saffery Champness Accountants.

Based in the firm’s Bournemouth office, Hannah said, ”I am delighted to join the Bournemouth Partner team. To date, I’ve learnt so much from the Partners, colleagues and clients, so it’s a pleasure to now be working alongside the senior management team. I hope that I provide the same level of support to others as they progress through their career as I have received. The office has more than doubled in size from when I joined as a graduate in 2009. All being well, we hope our growth continues in the years to come, it feels like we are constantly recruiting in order to grow our teams!

“I work with a range of clients, including individuals and owner managed businesses around the local area and further afield. I will continue to support those, whilst focusing on growing my portfolio in my area of specialisms, which include FCA regulated entities, Estates and agribusinesses.” 

Head of Bournemouth Office, Nick Fernyhough added, “We are extremely proud to be promoting Hannah.  She’s Saffery ‘born and bred’, having started as a trainee and has enjoyed swift progression through the business, as a result of her hard work, commitment and determination.”

 

About Saffery Champness LLP

Saffery Champness LLP is a firm of chartered accountants that advises individuals and families, not-for-profit organisations and businesses across a range of sectors. As a member of Nexia International, it is part of a worldwide network of independent accounting and consulting firms.

For over 160 years, the firm’s success has been founded upon providing clients with a genuinely partner-led service and working with them to create bespoke solutions that help them to achieve their personal and business objectives. For more information visit www.saffery.com or see Twitter @Safferys.

High Sheriff of Dorset shows support for Lewis-Manning Hospice Care

Michael Dooley FRCOG, the newly declared High Sheriff of Dorset, has visited Lewis-Manning Hospice Care and looks forward to fully supporting the charity during his term in office. He took time out to visit the hospice on his maiden official visit in his new role.

Michael said, “I am thrilled to be able to help Lewis-Manning Hospice Care. It was a real privilege to meet with the Director of Fundraising Tom Goodinge, Day Hospice Clinical Team Manager Debbie Tallick-Wyatt, Director of Finance and Operations Alison Dean and Trustee Timothy Lee,  to understand more about the challenges and opportunities that the charity has faced over recent months.  It was brilliant to hear about the fantastic new services and initiatives that have evolved during the pandemic and to learn that the hospice is doing such amazing work for the patients and families that it supports with life-limiting illnesses in the local communities of East Dorset & Purbeck.

“I’m hoping that my support will help to further raise awareness of Lewis-Manning, encourage additional fundraising and allow me to make introductions for the charity.

“During my term in office I am also looking forward to taking part in the charity’s Jurassic Coast Trek Challenge in October. It’s a wonderful opportunity to appreciate the beauty of our Dorset coastline and raise funds for a much-needed local cause at the same time.”

CEO Clare Gallie, “To have Michael’s support in his role as Dorset High Sheriff is invaluable. He was introduced to us by the former High Sheriff, Philip Warr, who championed the charity and worked with us during his time in this role in 2019.  Philip was so passionate about continuing his relationship with the hospice that he joined us as a Patron of the charity last year. We very much look forward to hosting events at the hospice for Michael and other guests and volunteers to attend and including him in our vibrant and active hospice community.”

Trustee Timothy Lee added, “We all thoroughly enjoyed chatting with Michael, it was a real pleasure to get to know him and to learn more about his role too.”

About Lewis-Manning Hospice Care

Lewis-Manning Hospice Care is a charity established 29 years ago, providing extraordinary care to patients and their families facing a life-limiting illness across Poole, Purbeck and East Dorset. We offer a range of free hospice care services aimed at helping people to live well through their illness, closer to home.

These include:

– Day hospices, virtual and in person
– Creative arts & wellbeing support
– Lymphoedema clinic for cancer patients
– Better breathing clinic
– Bereavement & family support

Every year we support nearly 500 local people and we develop new services, based on patient need and identified gaps in the area.
To do this we need to raise over £1.6m every year. Without these funds we could not exist.
Our important work increases people’s physical and social well-being, reduces isolation and loneliness, supports people to stay in their homes longer, and alleviates the huge pressures on family and carers.

Registered charity no. 1120193

£2.4 million in funding available to help turbo-charge the local economy

A new package of grant funding is being made available from Monday 19 April to assist in turbo-charging innovative economic recovery projects across Bournemouth, Christchurch and Poole.

As part of the next stage of BCP Council’s Stream 3 Additional Restrictions Grant scheme, local businesses, business support organisations, community partners and Business Improvement Districts (BIDS) will have the opportunity to apply for varying levels of grants. 

Funding will be provided exclusively for projects which demonstrate innovation, provide clear benefits for the local economy and generate pride in the place we live.

To ensure the £2.4 million is distributed evenly throughout the business community, this scheme will be divided into several parts. These include:

  • The Bounce Back Challenge Fund. Grants of up to £15,000 and £70,000 will be available for local businesses with standout projects in need of funding. These projects must meet the council’s main criteria. The application period will run from 19 April to 7 May 2021.
  • In addition, businesses in the Council’s R3 Economy Recovery Taskforce group will be able to apply for grants. This group is made up of leaders in local business, retail, hospitality, leisure and welfare sectors. Applications close on 5 May.
  • Bournemouth Town Centre BID, Bournemouth Coastal BID and Poole BID will be able to apply for grants. Representing nearly 2000 businesses, these organisations play a key role in attracting visitors and creating a strong local trading environment. Applications close on 5 May.
  • Up to 10 organisations, which provide business support, will also be able to apply for grants. BCP Council has approached a number of organisations directly, however, those that think they may be eligible are asked to contact the council via argstream3@bcpcouncil.gov.uk to receive and fill out an application form. Applications close on 5 May.

For more information and how to apply, click here.

Star Tech select Lewis-Manning Hospice Care as Charity of the Year

Poole based, independent Mercedes, BMW & Jaguar Specialist, Star Tech Ltd has chosen Lewis-Manning Hospice Care as its charity of the year

Founder and MD Matthew Peacock said, “My grandmother received brilliant and invaluable support from Lewis-Manning Hospice Care many years ago.  She used to enjoy attending the day hospice. We really understand the amazing work the charity does and the impact that having a life-limiting illness can have on patients and their families in our community, but how Lewis-Manning are always there to help and support during the most difficult time some people will ever face. Our non-executive Board member Philip Warr is also a Patron of the hospice and he kindly reintroduced us to the charity after all these years.  We are delighted to be collaborating with the charity and can’t wait to get involved and to support in many ways like fundraising events, campaigns, volunteering and introduce the charity to our team of staff.

Corporate Partnerships Fundraiser Nicki Cluley added, “We are thrilled to have the support and commitment from Star Tech and to meet Matt and Tina Peacock. We’re looking forward to reporting back on their fundraising and involvement over the coming months and are proud to be working with such a reputable local business in the heart of the local community that the hospice covers.”

For more information about Lewis-Manning Hospice Care, their services, fundraising and ways in which you can support them, please visit lewis-manning,org.uk or call  01202 708470.

About Lewis-Manning Hospice Care

Lewis-Manning Hospice Care is a charity established 29 years ago, providing extraordinary care to patients and their families facing a life-limiting illness across Poole, Purbeck and East Dorset. We offer a range of free hospice care services aimed at helping people to live well through their illness, closer to home.

These include:

– Day hospices, virtual and in person
– Creative arts & wellbeing support
– Lymphoedema clinic for cancer patients
– Better breathing clinic
– Family bereavement & support

Every year we support nearly 500 local people and we develop new services, based on patient need and identified gaps in the area.

To do this we need to raise over £1.6m every year. Without these funds we could not exist.

Our important work increases people’s physical and social well-being, reduces isolation and loneliness, supports people to stay in their homes longer, and alleviates the huge pressures on family and carers.

Registered charity no. 1120193

About Star Tech Specialising in Mercedes-Benz, BMW, Jaguar, MINI and Smart Based In Poole, Dorset.  https://star-tech.co.uk/

Bounce Back Challenge Fund – opens to applications

Today BCP Council has launched a new Bounce Back Challenge Fund to help turbo-charge innovative economic recovery projects across Bournemouth, Christchurch and Poole.

The Council will be providing funding specifically for projects which demonstrate innovation, provide clear benefits for the local economy, generate pride in the place we live and are deliverable. 

This is a competitive process that aims to unearth and fund a limited number of concepts from as wide a profile as possible within the local business community.

Businesses of all sizes and types (including charities) within the area can apply. They may award:

  • Up to £15,000 – for smaller projects or individual business ideas
  • Up to £70,000 – for larger projects which can include partnership or cross-sector working

The application period will run from today (Monday 19 April) and closes on 7 May 2021.

For more information and to apply, click here.