§ Mrs. Curtis-ThomasTo ask the Chancellor of the Exchequer what incentives are in place for small and medium-sized manufacturing enterprises to invest in plant and machinery. [45562]
§ Dawn PrimaroloThe tax system gives incentives for investment through capital allowances. Small and medium-sized enterprises qualify for 40 per cent. first year capital allowances for all investment in plant and machinery, in place of the usual 25 per cent. The rate is increased to 100 per cent. for businesses of all sizes if the plant or machinery is energy efficient, or is used for research and development purposes.