Saving Schemes


Here at NEPIC we endeavour to look after our Members and one of the ways we do this is by creating partnership agreements with service providers who we believe will add real value to our Members bottom line.

Due to an ever-changing business environment it has never been more important than it is now to identify money saving opportunities, and to trust your suppliers.  We have deliberately engaged with a range of respected suppliers from Insurance, Energy and R&D Tax Credit organisations that are committed to helping businesses to grow, innovate and prosper.


Insurance

We’ve partnered with Lockton Companies LLP to bring you an average savings of 15% across all insurance premiums. Lockton, the world’s largest independent insurance broker with over £20 billion premiums placed and revenue of £1.2 billion, work with specialised insurance companies for sector specific trades. They are Newcastle-based, so you are always dealing locally with your insurance broker and dedicated team for your insurance programme including your own account executive and account handler.

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Energy

Initially formed to provide business cost saving services to companies in the North East of England, the business has now grown from a regional enterprise to a national provider across the UK and Republic of Ireland. Great Annual Savings Group (GAS) has worked with more than 5,000 companies to help them improve their energy contracts and boost their bottom lines.  As well as supporting businesses through legislative changes such as SECR & ESOS phase 2, GAS possesses the expertise to help NEPIC members design & develop their energy strategy form procurement through to energy reduction using the latest technologies such as battery storage or even developing on site generation projects.  Consultation and quotation services are free and require very little time – see how much you could save today!


R&D Tax Credits

R&D tax credits are a valuable government tax relief that rewards UK companies for investing in innovation. NEPIC have partnered with Lumo Tax to ensure that member companies who are spending money developing new products, processes or services; or enhancing existing ones are applying for the cash payment or Corporation Tax reduction that is available to them. A lot of the time businesses don’t realise they’re innovating when in fact they are. Or if so, don’t maximise the value of R&D tax relief. Lumo’s edge is that they are specialist R&D tax experts, not generalist accountants, so they will be able to maximise your R&D tax relief.

Transparency is at the core of our work – and with transparency comes trust. Across our partnerships, all savings are passed onto member companies, with partners disclosing at the outset the one-off fee they will receive. A proportion of this one-off fee is then transferred direct to the Cluster to support our work and the support of member companies.  

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For more information about NEPIC Saving Schemes, and how they can bring real savings to your business, contact dawn.huntrod@nepic.co.uk

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