Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will consider including carbon capture, utilisation and storage and hydrogen infrastructure in the green plant and machinery exemption from business rates.

On 4 October 2024 the government announced funding of up to £21.7 billion over 25 years in two ground-breaking CCUS projects in Teesside and Merseyside. These green energy clusters are set to secure the UK’s leadership in clean technology and create thousands of jobs.

The exception for green plant and machinery is available for qualifying plant and machinery that is used in onsite renewable energy generation and storage.

Further information on the eligibility criteria can be found in the regulations. The Valuation for Rating (Plant and Machinery) (England) (Amendment) Regulations 2022 (legislation.gov.uk)

The government keeps the tax system under review.