Removal of tax relief for Community Energy

Meeting: 
MQT on 2015-12-16
Session date: 
December 16, 2015
Reference: 
2015/4399
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor
Category: 

Question

With the Chancellor now confirming that community energy projects will no longer be able to access the Enterprise Investment Scheme (EIS) tax relief and Social Investment Tax Relief (SITR), will you examine opportunities to support London community energy projects?

Answer

Answer for Removal of tax relief for Community Energy

Answer for Removal of tax relief for Community Energy

Answered By: 
The Mayor

City Hall hosted a community energy event in November to celebrate the successes of the sector in London. We continue to work with community energy representatives to further explore the impacts of the changes and how the sector can be supported in future.