SPONSORS OF EAST ANGLIA FEATURE
DEDICATED HARBOUR
The project will look to create a dedicated harbour and operations centre for high speed offshore support vessels. 300 local jobs are to be created through this initial programme of activity. Construction work on the new facilities will start as soon as possible in 2013.
GROWING PLACES FUNDING The funding for AJ Woods Engineering was part of £8.7million worth of Growing Places Funding recently announced by the SELEP Board.
Six schemes will benefit from the funding that could lead to 2,365 jobs being created.
AJ Woods Engineering
www.ajwoodsengineering.co.uk
Click to view more info
opportunity to really make a difference for Harwich, this development will help to bring international companies and manufacturing to the town and provide skilled work for local people to help secure their long term future and
prosperity. We could now have 15 – 25 years’ work here in the District with the new offshore wind farms that are going to be built off our coast. A similar venture in Ramsgate has led to a boom in employment for local people there.”
FINANCIAL INCENTIVES FOR WIND ENERGY INNOVATION IN THE UK
Many of you will have heard about the ‘Patent Box’ recently and you may be wondering what is a Patent Box anyway? The uninspiring name actually refers to what could be a very exciting and beneficial new tax regime which will come into effect in April 2013.
PATENTS
Historically the main reason to patent your invention was to stop your competitors from using or benefiting from your Intellectual Property. Many may have considered that patents are not financially worthwhile due to a perception in the costs of enforcing the rights.
NEW PERSPECTIVE The Patent Box regime brings a whole new perspective into why you should consider patenting your new wind energy creation. Under the new policy, corporation tax will be reduced to only 10 per cent for profits earned from products covered by a patent. All active qualifying patents are eligible - the regime does not only apply to new patents.
Nick Jackson
The patent only needs to cover a part of your product. This includes improvements to existing wind energy apparatus which can be quite small improvements as long as they are new and inventive.
you only need to obtain a UK patent to qualify for the tax benefit; the benefit will apply to all overseas profits which are taxable in the UK. A UK patent is relatively inexpensive and quick to obtain and the direct financial benefits can be quickly realised.
PATENT AND TRADE MARK ATTORNEYS Dummett Copp LLP are a firm of Patent and Trade Mark Attorneys based near the Suffolk coast and provide specialist Intellectual Property advice in the energy sector.
They would be happy to discuss any questions you may have about the Patent Box, or if you would like any more information about applying for patent protection then please feel free to contact them. Dummett Copp offer all new clients a free initial consultation.
Dummett Copp LLP
www.dummett.com
www.windenergynetwork.co.uk
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