Government Assistance

Government Assistance

Assisted Areas are those areas within the UK that have been identified as prime areas for assistance to businesses from Government. This covers both financial and other assistance and support services, making Blackpool a prime area for your business to access both types of assistance.

Blackpool boasts a host of business parks and industrial estates many of which fall firmly into the Assisted Areas with superb transport links and eligible funding. With a wide range of buildings, factories, warehousing, offices and development land there is something to suit the needs of all types of businesses.

A PDF download of the Blackpool Assisted Areas Map is available.
A PDF download of An Introduction to Assisted Areas.

Tax Relief and Incentives

Capital Gains Roll-over Relief

You may be able to delay paying Capital Gains Tax if you either sell (‘dispose of’) some business assets or use all or part of the proceeds to buy new assets. This relief means you won’t pay any tax until you sell the new asset

Capital Allowances

A tax relief designed to allow the cost of certain of your company or organisation’s assets to be written off against its taxable profits

Tax reliefs for the creative industries

A group of five corporation tax reliefs that allow qualifying companies in the creative industries to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their taxable profits

The Seed Enterprise Investment Scheme (SEIS)

This aims to encourage investment in small and early stage companies by reducing the risk to investors of investing in these types of companies

Enterprise Investment Scheme

Helps finance by offering tax relief to investors who buy new shares in their companies. Check here to see if your business qualifies small companies raise

Research and development tax credits

Small businesses can get 225 per cent tax relief on their research and development spending

Business rate reliefs

An overview on which properties are eligible for discounts on their business rates, and how to apply for these reliefs

Annual Investment Allowance

Currently stands at £500,000. How to claim, what is covered and how to calculate it

Entrepreneur’s Relief

When an entrepreneur sells or closes their business, they need only pay ten per cent Capital Gains Tax on any qualifying profits

Enterprise Zones

There are currently 24 Enterprise Zones across the UK and they support new businesses through a range of incentives

Employment Allowance

Employers can reduce the amount of National Insurance contributions (NICs) they pay for their employees by up to £2,000.

Social Investment Tax Relief

This provides a range of income and capital gains tax reliefs which can be claimed by individual investors for investments they have made in social enterprises, with a view to helping people and communities. It is in place for investments made or capital gains arising in the period from 6 April 2014 to 5 April 2019

Patent Box

Enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations.