MHA Tait Walker helps businesses secure £15m of COVID-19 support

North East accountancy and advisory firm MHA Tait Walker has helped business owners secure £15m in financial support during the Covid-19 outbreak.

The firm's team of accountants and advisers has helped file more than 100 Coronavirus Job Retention Scheme claims to HMRC, resulting in more than £1.5m in CJRS grants for employers so far, safeguarding about 600 jobs.

It has also supported North East businesses in securing £4m in R&D, £5m through the Coronavirus Business Interruption Loan Scheme and £5m in other tax savings.

Andrew Moorby, managing partner of MHA Tait Walker, said: "There has been a lot in the press around the government incentives including CBILs and Bounceback loans, but practically these have been extremely difficult for some of our clients to access.

"Forecasts and business plans have been required and scheme rules have also changed during this period. The rules have also been interpreted differently across the industry by key funders.

"Our team has worked tirelessly to support clients and we have helped more than 50 businesses access £5m in funding."