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UK Budget announces green funding schemes for energy transition
March 4, 2021

UK Budget announces green funding schemes for energy transition

The UK Government’s Budget announcement has legislated for the creation of an infrastructure bank and green finance schemes. On Wednesday, UK Chancellor Rishi Sunak announced a package of business measures. These included a raise in corporation tax set for two years’ time. Until then, the UK Government will allow companies to deduct 130% of their investments from their taxes.

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