Business: Infrastructure
(asked on 16th June 2021) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department is taking to incentivise businesses to invest in new equipment or infrastructure.
This question was answered on 25th June 2021
Stimulating business investment will be key for our economic recovery.
Under the super-deduction we announced at Budget 2021, for every pound a company invests in qualifying plant and machinery, their taxes are cut by up to 25p.
We have also just launched the new UK Infrastructure Bank, which will partner with the private sector and local government, supporting more than £40bn of infrastructure investment overall.