Earlier this week, our food and drink team hosted a breakfast event focused on innovation and funding at the Cornish Food Box Company in Truro.
The event was chaired by Tom Roach, Partner in our Truro office, whose opening remarks featured comments from the ‘Annual Hotel Conference’ in Manchester, which he attended last week, on the ever increasing importance of the food and drink offering with good provenance to the success of that sector – a provenance that the Cornwall and Isles of Scilly food and drink producers are well placed to deliver.
Our technical input was led by Tax Accounting Consultant, Katie Farley and member of the business services team in Truro, Andrew James.
Katie shared her experience in assisting a number of food and drink producers in making claims for R&D tax credits, a presentation that scored 97% in delegate feedback. Indeed, the next instalment of our ‘food and drink newsletter’, due later this year, will focus on R&D.
Andrew whisked through the range of potential funding sources available to businesses in the food and drink sector, covering grants, debt and equity. He also mentioned a couple of initiatives soon to be launched by Crowdfunder, aimed specifically at start-ups and exiting businesses in the sector.
Joining us in the presentations were Louise Hutton-Bailey from Oxford Innovation and Elizabeth Gilbert from Agri-tech Cornwall.
Louise covered the programmes that Oxford Innovation offer, with a focus on how they can support development of new products and markets, and Liz gave some more detail on the recently launched Agri-tech Cornwall, including the Cornwall Agri-tech Innovation Grant Scheme.
Also in attendance at the event were representatives from the Cornwall and Isles of Scilly Growth Hub and leader, who together with the presenters, were available to answer questions during the discussion that followed the presentations.
Nick Farrant, Head of Food and Drink at PKF Francis Clark commented, “Many thanks to the team for putting on an event that was well attended, well received and which showcased our expertise and commitment to this important sector across the South West. Given this success we are already looking at rolling out this format across the South West – watch this space…”
The presenters’ slides from the event can be found here.
Any questions arising, please do not hesitate to contact Richard Wadman.