In the UK Spring Budget, Rishi Sunak (Chancellor of the Exchequer) announced several schemes and policies that will have positive impacts for HydroGenesis.
2 key announcements were:
- 1. The UK’s net-zero goal will be added to the remit of the Bank of England, meaning that a Green investment Fund will now be accessible to finance green energy projects.
- 2. The UK Government will now allow companies to deduct 130% of their investments from their taxes, meaning it could be financially advantageous for companies that invest in a HydroGenesis System.
Read the full transcript of the budget here: https://www.gov.uk/government/speeches/budget-speech-2021
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