How much tax relief does it take to change a light bulb

The extension of Enhanced Capital Allowances to include electrical systems may be one of the most important changes under the new system, according to property tax and finance specialist Davis Langdon Crosher & James. The company has carried out a modelling exercise on a new office scheme showing stark comparisons between conventional lighting which can be written off against tax at 10% a year and low-energy lighting that qualifies under the Enhanced Capital Allowances scheme for 100% first-year allowances. The savings for the low-energy lighting amount to £174 000 over 10 years. Capital-allowances relief from conventional technology is only £54 711 over the same time frame. David Rees, a partner with DLC&J, says, ‘Although on the surface there may have seemed little to cheer about in the Budget, the change to capital allowances could yet have a significant impact on building specifications and energy performance. If the Chancellor was looking for good news topics, this is one that slipped the net. Added to which, there is still only limited publicity regarding interest-free loans from the Carbon Trust of up to £100 000 towards low-carbon or energy-saving technologies.’



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New Manchester landmark shines a light on low carbon heat network

Manchester’s new Tower of Light structure has been officially switched on, marking a milestone in the development of the city’s new Civic Quarter Heat Network. 

RPS Launches Climate Careers Zone

Global professional services firm RPS has launched a new STEM initiative – the RPS Climate Careers Zone. Hosted in a virtual city inspired by COP26 goals, the zone’s design enables young people to take control and shape their future. Empowering and informing career choices, students can use the zone to understand how they can be part of the change they want to see.

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