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FEA welcomes Budget’s support for its net zero carbon plans

9th Mar 2021 - 08:51
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Abstract
The Foodservice Equipment Association (FEA) has welcomed the Budget’s ‘super deduction’ tax incentive as it supports the association’s net zero carbon plans.

The FEA is the independent, ‘authoritative voice’ of the foodservice equipment industry, representing nearly 200 companies who supply, service and maintain all types of commercial catering equipment

Emma Brooks, chair of FEA Net Zero Carbon Forum, confirmed that the association had checked with government information that it does apply to foodservice operators buying commercial catering equipment – so long as the appliance is new. 

Brooks said: “One of our key points was to incentivise manufacturers to develop more energy efficient appliances. We will be taking part in the consultation with a view to including energy efficiency as a key criterion in the R&D tax credit scheme.

“The super deduction incentive is great news for the Net Zero Carbon plan, because there is no incentive to choose second-hand when the buyer gets a 130% tax credit on new equipment

“Meeting the hospitality industry’s carbon reduction targets is a huge challenge. The proposals outlined in the Budget are a big step forward and endorse key elements that the FEA has requested. This is very good news.” 

Written by
Edward Waddell