Get free updates - subscribe to our monthly newsletter Subscribe
As a firm with a keen interest in Energy & Renewables, it’s easy to see why we are hearing more and more about “keeping the lights on”. Regardless of what stance you take in the energy debate, few would argue that energy security isn’t one of the most critical things on the country’s agenda right now.
The UK’s energy that comes from low carbon sources is still low at 12%. Other countries leading the way stand at over 40%. Decarbonisation is a huge challenge and it will take a significant effort in the coming years to hit government and EU targets.
The Energy & Renewables sector covers a vast range of businesses and these are the types of businesses we typically work with:
The case for nuclear is strong and has a great deal of cross party support and public support. West Cumbria can claim to be of international, not just national, importance due to its nuclear history and expertise and it seems that this region is set to flourish as a result.
Renewables targets also reinforce how important those technologies are in meeting demand and the energy mix. We have seen many clients diversifying into renewable energy. The tax implications of doing so can be complicated and this is where we have been able to add real value to their projects.
How we can help:
as examples, we have recently made successful R&D tax relief claims for:
- a new binder product that can replace cement and gypsum and saves on CO2 (80% lower than cement)
- a new system to reduce the energy used in dairy farming
- temperature monitoring technology that seeks to reduce energy consumption in the food industry
If you’d like to hear more about how we could add value to your plans, we’d love to hear from you.
If you like this article and would like our FREE updates sent straight to your inbox then subscribe to our monthly newsletterSubscribe
All content © 2015 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.
Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW