Enhanced Capital Allowances – Water Saving Investments and Energy Efficient technologies

Coverage: Blackburn with Darwen, Blackpool, Burnley, Chorley, Fylde, Hyndburn, Lancaster, Pendle, Pennine Lancashire, Preston, Ribble Valley, Rossendale, South Ribble, West Lancashire, Wyre,

Finance Type: Capital Investment, Environmental, Property Improvement, Renewable Technologies,

The Enhanced Capital Allowance Scheme for Water Saving Investments is part of the government initiative to provide tax relief to businesses for investments in designated energy saving technology. The aim of the scheme is to encourage businesses to invest in water saving technologies by enabling businesses to claim 100% first year capital allowances on investments in technologies and products that encourage sustainable water use. Businesses can write off the whole cost of their investment against their taxable profits of the period during which they make the investment. 

Key criteria:

• All businesses are eligible – regardless of sector, size and location.
• Allowances are in respect of expenditure on water saving technologies and products incurred on or after 1 April 2003.
• Only investments in new and unused plant and machinery can qualify.
• The qualifying technologies will have to meet defined water saving criteria. 

Eligible expenditure: Allowances are available for expenditure on the Water Technology List, which includes:

• Leakage detection equipment.
• Cleaning in place equipment.
• Efficient membrane filtration system.
• Flow controllers.
• Meters and monitoring equipment.
• Rainwater harvesting equipment.
• Efficient toilets.
• Efficient showers.
• Efficient taps.
• Water efficient small-scale slurry and sludge dewatering equipment.
• Water efficient washing machines (for large scale fabric washing).
• Vehicle wash water reclaim units
• Water efficient industrial cleaning equipment
• Water management equipment for mechanical seals
• Water reuse 

Application procedure: Allowances are claimed in the income or corporation tax return of the business. Contact the Business Tax and Capital Allowances Department at HM Revenue and Customs for further information.

Funding: Tax relief

Type of Funding: -

Project Timeframe - Expiry Date: n/a

Eligibility: All businesses are eligible - regardless of sector, size and location.

Disclaimer: The information above was accurate at the time of publishing. This is a constantly evolving directory and we will amend the details as and when required. Regenerate Pennine Lancashire is not responsible for the accuracy of external information.

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