Tag: Budget

AD industry welcomes Spending Review support for green gas

The Chancellor of the Exchequer, George Osborne, today unveiled plans in today’s Spending Review and Autumn Statement announcement to extend the Renewable Heat Initiative (RHI) with additional funding for new projects until the end of this Parliament. The Government’s energy policy “reset” announced last…

Posted in: ADBA News, ADBA Press Release, Policy updates

Tags: press release, budget, Autumn Statement, spending review, chancellor of the exchequer, george osborne, RHI, green gas, heat, renewable heat target, Parliament, HM Treasury, domestic gas, biomethane, biogas, national grid, House of Commons, energy & climate change committee, Charlotte Morton, Derek Sivyer

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DECC’s budget announced as Treasury purse strings tighten


*Members Only*

HM Treasury has announced a £70 million spending reduction in DECC’s annual budget, which equates to 2 per cent of the department’s total spend. With the government’s pledge to reduce public spending by £13 billion over the next two years – while ringfencing health, education,…

Posted in: ADBA News, News for Members

Tags: treasury, budget, DECC, carbon brief, simon evans, biomethane, biomethane to grid working group, government, uk ad & biogas 2015, EU, nuclear, spending review, will bushby, Derek Sivyer

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EIS reprieve: funds to be allowed to continue investment

The expected clarification on EIS funding has been published today, with good news for developers using EIS-qualifying investors: they will continue to be allowed to invest in AD even when other renewable technologies are excluded by the changes. The briefing published today says:The government intends the legislation to follow…

Posted in: ADBA News, Industry News, Members' press release, News for Members, Policy updates, R&D Updates

Tags: biomethane, budget, DECC, EIS, FIT, HMT, investment, Matt Hindle, renewable financial incentives, RHI, RO, VCT

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What does the budget mean for AD?

At least it doesn’t take long to make it through all of the green (and not so green) measures in today’s budget. The Chancellor’s statement that “creating a low-carbon economy should be done in a way that creates jobs – not costs them” set a similar tone to…

Posted in: ADBA News, Industry News, Members' press release, News for Members, Policy updates, R&D Updates

Tags: budget, chancellor, finance, financial incentives, green growth, Matt Hindle, treasury

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