Head of steam building for industry tax credit idea

Head of steam building for industry tax credit idea

Plan which would see manufacturers get tax credits for building industrial plants and help spur the UK economy gains support

A plan for manufacturers to get tax credits for building new plants has
received a key boost from the Business Secretary Lord Mandelson.

The proposal, drawn up by Stan Boland, chief executive of
Icera said companies
would recover 20% of their investment through a tax credit, the
FT
reported
.

“This is exactly the kind of thing I would I take a look at,” Lord Mandelson
said last week.

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