Environmental tax breaks would drive green tech investment

Lower rates for entrepreneurs in green technology would help to inspire investment in the UK, creating jobs and export opportunities as part of the Green Recovery Plan, argues Blick Rothenberg’s David Hough

The prime minister’s 10-point Green Recovery Plan was ambitious in sentiment, but details on how it would be delivered were short. The additional financial commitment that was made to achieving net-zero was relatively small and there is clearly a hope that the private sector will lead the charge towards sustainability.

However, there is also an opportunity for UK business if green technology entrepreneurs can find ways to reduce carbon emissions. Jobs created through UK expenditure on infrastructure, such as building wind farms, are clear, but there are vast opportunities overseas if the UK can get ahead of the competition in technological advancement.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe