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ARTICLE · 28 MARCH 2011

Budget 2011 Clean Energy Summary

Eversheds Sutherland
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In the Chancellor's 2011 Budget published on 23 March 2011, it was stated that the Government is committed to being the greenest Government ever and sees support for the low carbon economy as central to providing a platform for strong, long term sustainable growth.

United KingdomEnergy and Natural Resources
Michelle Davies
Michelle Davies

Budget 2011 Summary

In the Chancellor's 2011 Budget published on 23 March 2011, it was stated that the Government is committed to being the greenest Government ever and sees support for the low carbon economy as central to providing a platform for strong, long term sustainable growth. It is one of the aims of Budget 2011 to increase the proportion of tax revenue accounted for by environmental taxes.

As such, Budget 2011 announces:

Enhanced capital allowances scheme for energy-saving technologies

The energy-saving enhanced capital allowance scheme will, subject to State aid approval, be updated during summer 2011. The main change includes the addition of a new technology-efficient hand dryer.

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