NEWS
MAKING LIFTING EQUIPMENT MORE AFFORDABLE
Lifting equipment specialist, Konecranes, has welcomed the introduction of the tax super-deduction initiative as a massive boost for UK industry. Under the scheme, announced in the Chancellor’s March budget, companies can claim 130% capital allowances on qualifying plant and machinery investments made between
1 April 2021 and 31 March 2023. This upfront super- deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest. Firms will also benefit from a 50% first-year allowance for qualifying special rate assets, including long life purchases. The policy has been introduced to encourage investment and promote UK industrial recovery from the COVID-19 pandemic and the associated lockdown.
The launch of the HM treasury scheme comes at a time when Konecranes has been introducing its own initiatives to promote industrial investment and make the acquisition of new lifting equipment more affordable. In addition to flexible finance options and extended credit arrangements, the company has also launched its RENTALL programmes. RENTALL represents a packaged approach to operators’ material handling requirements, combining the lease of the
SAFETYCULTURE’S VALUATION REACHES A$2.2 BILLION
SafetyCulture, the global operations platform which empowers working teams to drive improvements in the workplace, has announced a $2.2bn (Australian dollars) valuation (approx. GBP £1.2bn), smashing past its previous unicorn status from April 2020.
The funding led by Insight Partners, a global ScaleUp software investor, and joined by existing investors Tiger Global, Index Ventures and Blackbird, will support the expansion of the business as it continues to evolve from a checklist app into an operations platform for working teams. SafetyCulture currently helps 28,000 companies improve every day by streamlining the flow of critical information through their user-friendly, mobile-first platform.
“We recently surpassed 100m completed inspections in our flagship product, iAuditor, and this new funding allows us to continue that momentum,” said Luke Anear, Founder and CEO, SafetyCulture. “It also allows us to invest in the development of our platform which will ensure the information captured by workers can easily be acted upon to improve quality, efficiency, and safety in the workplace.”
“Following the acquisition of online microlearning app, EdApp, last year, we’re looking at other great innovations which will transform the experience for millions of
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lifting equipment with service regimes, maintenance plans, spare parts and remote performance monitoring. The equipment and support are provided for a fixed term and for a regular monthly payment, providing predictable fixed costs for the material handling system and its maintenance. It also eliminates large upfront investment for improved cash flow.
The initial crane specification process is simplified as Konecranes tailors each RENTALL agreement to the lifting capacity and operations required, including any special processes. RENTALL is available for material handling applications of up to 10 tonnes. The scheme not only allows users to invest in new technology, but also allows state-of-the-art smart technology features to be incorporated, boosting productivity and enhancing safety. RENTALL may also incorporate Konecranes’ TRUECONNECT remote monitoring digital platform, which provides a real-time overview of crane performance and safety status. Such data can be used to improve lifting processes and highlight preventative service and maintenance requirements.
RENTALL has been designed to be a totally flexible solution, allowing customers to future proof against changes in material handling requirements. The package provides the option to upgrade equipment, technology, smart features and software at any time during the agreement period, to meet different operational needs.
Call: 01295 676100 Email:
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working teams around the world,” Anear continued.
SafetyCulture’s funding and new valuation was based on its progress in delivering value to a broader operational user base and its continued growth across a wide range of industries, including manufacturing, hospitality, retail and logistics. The company has attracted over 1.5 million users to sign up to its platform in more than 85 countries.
“SafetyCulture’s growth is testament to the company's deep understanding of the challenges working teams face in distributed work environments and their ability to consistently deliver innovative solutions to help these businesses improve every day,” said Teddie Wardi, Managing Director at Insight Partners.
SafetyCulture’s employee base has grown 2.5 times in the last three years. It plans to continue the same hiring trajectory for the foreseeable future as it rapidly expands its global product and engineering teams.
https://safetyculture.com/careers 7
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