Written Question·Treasury·UIN 7083
Carbon Capture, Usage and Storage: Business Rates
Tabled: 4 October 2024
Answered: 14 October 2024
Question
Clive Jones
Liberal Democrat — Wokingham
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
James MurrayOn 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...
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