MP Backs Biodiesel Tax Break Campaign

MP backs biodiesel tax break project


29 June 2011


Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.


Producers converting into biodiesel currently take advantage of a 20p differential but that is because of end next April.


The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.


Mr George stated "a number of small businesses in Cornwall currently generate income from utilized cooking oil".


He included: "In order to have the ability to get this kind of industry going it does need just a little bit of lift which can be found in the kind of tax foregone."


Biodiesel is a blend of conventional diesel, rapeseed and vegetable oils.


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St Ives Liberal Democrats