Boiler maker issues Carbon Trust call to action

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Commercial heating manufacturer Buderus wants to encourage more businesses to take advantage of the Enhanced Capital Allowance (ECA) initiative.

The ECA scheme was introduced in 2001 to encourage businesses to invest in low carbon, energy-saving equipment and to help the UK reach its Kyoto target of reducing carbon emissions by 20%.

The scheme provides a tax incentive to businesses that invest in equipment that meets published energy-saving criteria. It is managed by the Carbon Trust, on behalf of the Government, and is open to all businesses that pay UK corporation or income tax, regardless of size, sector or location.

Richard Evans, director of sales for Buderus, said: “The ECA offers genuine support to businesses looking to improve their environmental credentials. The Carbon Trust is delivering an excellent, well run scheme, which a lot of companies simply aren’t taking advantage of. Larger companies effected by the Carbon Reduction Commitment (CRC) should definitely be looking to see how the ECA scheme can help them.”

Enhanced Capital Allowances enable a business to claim 100% first-year capital allowances on their spending on qualifying plant and machinery. This can deliver a helpful cash flow boost and a shortened payback period. There are three schemes for ECAs, which cover:
· Energy-saving plant and machinery
· Low carbon dioxide emission cars and natural gas and hydrogen refuelling infrastructure
· Water conservation plant and machinery

www.eca.gov.uk.

Posted on September 18, 2010 · in Global

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