Midlands accountants and business advisors Rabjohns has launched a science and technology group.
Set up to provide support to businesses of this type, the group will be headed by Rabjohns’ James Geary, who has extensive sector experience, and Dr Zoë Jones, who has a PhD in microbiology.
Dr Jones said: “There are numerous accounting and taxation issues relating to companies in the science and technology sector, and the formation of this group should ensure specialist advice is available to them. Advice can encompass research and development tax relief claims and information on what grant funding is available to them, alongside generic tax and accountancy support.”
“We already have a number of clients in this sector and are seeing the segment grow, particularly in the West Midlands, which has a significant concentration of start-up and established hi-tech companies in areas like the Central Technology Belt.”
Mr Geary said now was the right time to launch the group, adding: “Whilst trading conditions are difficult for companies in more traditional sectors, the local technology transfer sector is still buoyant.
“The knowledge supply-chain along the A38 – plus local expertise in medical technologies and advanced materials – continues to play a crucial role in attracting both considerable funding investment and the attention of companies seeking to access this intellectual capacity for themselves.”
In addition to its specific expertise, Rabjohns is also a member of Kreston International, a worldwide association of independent accountancy and advisory firms. Together the Kreston UK firms employ over 1,000 accountancy and finance professionals in Britain.