You are here

Enterprise-funded subsidy to be capped

The Department for Business, Energy and Industrial Strategy (BEIS) has changed its approach to avoiding ‘over-rewarding’ businesses that have used enterprise investment tax relief schemes as well as capacity market contracts.

BEIS said the issue was about “fairness and competition” in the capacity market. At issue are projects supported by the Enterprise Investment Scheme, the Seed Enterprise Investment Scheme and Venture Capital Trusts. The government was hit by opposition to such schemes when it was revealed that many were ‘car park’ arrays of diesel generators.

To continue reading this article please login if you already have an account or subscribe.