Carbon Capture, Usage and Storage: Business Rates
Commons · Question 7083 · Tabled 4 Oct 2024 · Treasury · Official record
Answered 14 Oct 2024
Question
Asked by Clive Jones
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.
Answer
Answered by James Murray, 14 Oct 2024
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 thous...