Government launches £200m new funding for innovative businesses
Innovative companies across the UK will benefit from £200 million of government support to ensure they can access the finance they need to grow.
How to use the Super Deduction machinery investment initiative
This video explains how the UK manufacturing industry can benefit from the Super Deduction incentive announced in the latest budget.
Ellesco, which supplies machining, deburring, and metalworking solutions to industry, uses an example of purchasing a metal finishing machine to show how much businesses can save in tax.
More information on the Super Deduction can be found here. The incentive was first announced at the beginning of March in chancellor Rishi Sunak's latest budget.
This measure introduces a temporary 130% super-deduction for main rate assets, and a temporary 50% first-year allowance for special rate assets.
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