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Great Yarmouth boatyard boosted by R&D tax claim

PUBLISHED: 16:34 04 December 2017 | UPDATED: 16:34 04 December 2017

Goodchild Marine Services’ boatyard in Great Yarmouth. The family-run firm received funding under the Research & Development Tax Relief Scheme

 through firm GovGrant. Picture: Michael Ribbeck/Deep South Media

Goodchild Marine Services’ boatyard in Great Yarmouth. The family-run firm received funding under the Research & Development Tax Relief Scheme through firm GovGrant. Picture: Michael Ribbeck/Deep South Media

Micheal Ribbeck/Deep South Media:Free usage (royalty-free) in connection with accompanying news release. With thanks to picture desk for taking the time to proce

A Norfolk boatyard has been boosted by a government scheme after receiving money back on its research costs.

Goodchild Marine Services, based in Great Yarmouth, landed the windfall after applying for the government’s Research and Development (R&D) Tax Relief scheme.

The firm, which has been trading for almost 40 years, repairs, designs and refits vessels.

Director Sue Goodchild said she did not realise her business could claim tax relief on research carried out in the past.

She said: “As a company we thought that R&D claims needed to be considered prior to commencing the work, and it seemed, without having looked into it, to be onerous on the company to provide the necessary information.”

Goodchild was helped to apply for the relief by GovGrant, a firm which specialises in such claims, and estimates 90% of firms eligible for the scheme do not apply for it.

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