Global R&D innovation funding specialist Leyton is expanding its operations in the UK with the opening of a new office in Manchester in response to growing demand from local companies for its expertise in securing R&D tax relief.
Leyton’s new offices, located in Manchester’s City centre, will service the company’s growing portfolio of clients from the region’s established manufacturing and engineering businesses to its vibrant new community of digital businesses.
The new office will be led by Joshua Perry, Leyton’s Head of Manchester, who joined the company in a graduate role in 2012. Perry will be responsible for a team of 20 newly hired staff members and is looking to create a further 30 new job opportunities over the next year.
Leyton has experienced unprecedented growth in recent years as awareness of the available innovation funding schemes grows, and companies increasingly look toward specialists to simplify the process and maximise potential claims for tax relief on their research and development projects.
The R&D tax credit initiative was introduced in 2000 and is a tax relief scheme designed to encourage greater R&D spending and drive investment in innovation. The number of claims for R&D tax credits have risen significantly in recent years according to HMRC with £3.5bn of R&D tax relief claimed to date for FY16-17(1).
Joshua Perry, Head of Manchester for Leyton, commented: “Our expansion in Manchester reflects the increasing demand from companies in the region to secure R&D tax credits to support and drive innovation and reach their full potential. The North West has become a hub for innovation and we have a highly skilled team of tax experts and sector specialists to help these companies navigate successfully through this complex application process. Manchester also has a world class student population and we are looking forward to creating roles for this local talent to continue developing our personal and bespoke service.”