Region’s businesses lag behind rest of UK
North East entrepreneurs are lagging behind the rest of the country in taking advantage of tax efficient investment schemes to help expanding businesses maximise growth.
Government figures show that while the value of regional investments through the Enterprise Investment Scheme has been increasing, the actual number of investments has been falling.
The fall is in contrast to almost all other parts of the UK, with the North West seeing an increase from 150 investments to 170 in the same time period.
Anthony Andreasen, corporate tax director at RMT Accountants, said: “Management teams looking to bring new money into their businesses have to make the absolute best they can of every opportunity.”