Environment needs investment boost

Tax incentives for investment in environmental technologies have been recommended to Chancellor Gordon Brown by an all-party lobby co-ordinated by the Environmental Industries Commission (EIC). EIC’s campaign is based on a previous Ten Minute Rule Bill which proposed to accelerate the depreciation deductible from tax on investments in this field. Over 94% of business leaders […]

Tax incentives for investment in environmental technologies have been recommended to Chancellor Gordon Brown by an all-party lobby co-ordinated by the Environmental Industries Commission (EIC).

EIC’s campaign is based on a previous Ten Minute Rule Bill which proposed to accelerate the depreciation deductible from tax on investments in this field. Over 94% of business leaders support allowances, and EIC’s Bill has won the backing of over 20% of trade associations.

The market for environmental technology is currently around $400bn a year, according to Adrian Wilkes at EIC.