PARLIAMENTARY WRITTEN QUESTION
Business: Infrastructure (16 June 2021)
Question Asked
To ask the Chancellor of the Exchequer, what steps his Department is taking to incentivise businesses to invest in new equipment or infrastructure.
Asked by:
Dr Kieran Mullan (Conservative)
Asked by:
Dr Kieran Mullan (Conservative)
Answer
Stimulating business investment will be key for our economic recovery.
Under the super-deduction we announced at Budget 2021, for every pound a company invests in qualifying plant and machinery, their taxes are cut by up to 25p.
We have also just launched the new UK Infrastructure Bank, which will partner with the private sector and local government, supporting more than £40bn of infrastructure investment overall.
Answered by:
Mrs Kemi Badenoch (Conservative)
25 June 2021
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