Topical Questions

Part of Treasury – in the House of Commons at on 7 February 2023.

Alert me about debates like this

Photo of James Cartlidge James Cartlidge The Exchequer Secretary

My hon. Friend makes an important point. We have already discussed energy support, but efficiency is also key. Businesses can take advantage of the £315-million industrial energy transformation fund, which supports industrial sites to invest in energy efficiency and decarbonisation projects. There are several important capital allowances that may help businesses to make energy-efficient investments, such as the annual investment allowance, which has been set permanently at £1 million, the structures and buildings allowance, and, until 31 March, the super deduction—