Jumpstart takes leap with Moroccan joint venture deal

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Tax credit specialist Jumpstart is targeting expansion into the mainland European market after setting up a joint venture in Morocco.

The Edinburgh-based company, which was founded in 2008, said the North African country was attracting strong investor interest as an export-oriented hub for Europe.

It has entered into the advanced stages of a joint venture deal with a local business called Consulting Zone, and hopes the move will open doors on the Continent, particularly in France and Spain.

Jumpstart specialises in presenting “detailed, accurate and compliant” research and development (R&D) tax credit submissions to HM Revenue & Customs. Fees are based on results, with the firm claiming a success rate of “almost 99 per cent”.

Managing director Brian Williamson said the new venture would “significantly advance” the firm’s long-term international expansion plans. It had previously talked of making a major push into overseas markets in 2014. “Morocco presents an excellent opportunity for us in the wider perspective of taking our international ambitions forward. It is an ambitious country with a highly-skilled graduate labour market and it has well-established connections with long-established trading partners,” said Williamson.

“Governments around the world, in recognition of the international nature of competition, have made funds available to foster and encourage innovation and research. It is part of our global strategy to make sure that these resources can be efficiently tapped.”

In the past year or so the company has forged “strategic” alliances with a number of professional practices including law firm Harper Macleod.