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12 Jul 20221 minute read

BPF calls for green tech incentives

ECAtoday
BPF calls for green tech incentives

The British Property Federation is calling for targeted tax measures to incentivise investment in new green technology and town centre regeneration.

Measures include a tax credit system, similar to the system in place for Research and Development spending.

The BPF has proposed targeted relief for capital expenditure on town centre regeneration projects that:

  1. replace environmentally inefficient plant and machinery e.g., heating, and cooling systems in existing buildings
  2. sustainably retrofit or repurpose existing buildings
  3. help to regenerate the high street

Ion Fletcher, director of policy, British Property Federation, said in PBC Today, “Meeting net-zero and levelling up aspirations will require a huge investment in the built environment by the property sector working in partnership with Government. 

“The sooner this investment is made, the better for all of us. It is time for a radical change to the capital allowances rules to help accelerate spending on decarbonisation and town centre regeneration.”

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