Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Green tax break must be funded says EIC


PROPER FUNDING is vital for the success of a new government tax incentive scheme aimed at encouraging investment in green technology, warns the Environmental Industries Commission.

The Green Technology Challenge consultation paper, published at the end of July, proposes tax breaks to encourage mainstream UK industry to invest in improving its environmental performance.

EIC director Merlin Hyman welcomed the move but pointed out that it would only work if properly funded.

'It is vital that the Treasury now gives the resources to support investment in the wide range of solutions the environmental industry can provide, to address the key environmental challenges we face, ' he said.

Firms investing in innovative technologies that contribute to environmental protection will benefit from a 100% first year capital allowance.

The move comes on the back of developments made by the environmental technology industry aimed at solving problems such as climate change and pollution of land, water and air, EIC said.

'The EIC has campaigned since 1995 for the introduction of these incentives which will encourage companies to invest in the environment, and thereby boost international competitiveness, create jobs and protect public health, ' Hyman added.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.