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registered interest false more like this
date less than 2015-11-23more like thismore than 2015-11-23
answering body
Department for Energy and Climate Change more like this
answering dept id 63 more like this
answering dept short name Energy and Climate Change more like this
answering dept sort name Energy and Climate Change more like this
hansard heading Renewable Energy: Finance remove filter
house id 1 more like this
pref label House of Commons remove filter
question text To ask the Secretary of State for Energy and Climate Change, what the implications for her policies on support for community-based renewable generation projects are of the proposed changes to the feed-in tariff scheme and HM Treasury's decision to remove such projects from tax relief. more like this
tabling member constituency Stockton North remove filter
tabling member printed
Alex Cunningham more like this
uin 17392 more like this
is ministerial correction false more like this
date of answer less than 2015-11-30more like thismore than 2015-11-30
answer text <p>Part of the purpose of the feed-in tariff (FIT) review consultation was to gather views on the broader economic impact of the proposed changes. We also sought views on whether the scheme should be focussed towards specific groups or sectors which might, for example, include households or communities. We had a strong response from community energy groups via the consultation and workshops.</p><p>The actual impact on the community sector will depend on the options taken forward after all responses to the consultation have been considered. We are currently analysing feedback submitted during the consultation and intend to publish a Government response as soon as possible.</p><p>The purpose of the tax-advantaged venture capital schemes is to provide funding to smaller higher-risk companies that would otherwise struggle to access finance to develop and grow. To ensure that the schemes are well targeted and deliver value for money, the government announced at the Autumn Statement the exclusion of all remaining energy generation activities from the schemes. This follows the exclusion of certain types of energy generation in 2012, 2014 and 2015, including most recently the announcement that the provision of reserve energy generating capacity and the generation of renewable energy benefiting from other government support by community energy organisations would be excluded from the schemes with effect from 30<sup>th</sup> November 2015, as well as from Social Investment Tax Relief when that scheme is expanded. These changes help to ensure that higher risk investments are not crowded out by lower risk investments.</p><br /><p>We will continue to work with the community energy sector over the coming months to develop a joint approach that addresses the priorities of the sector and satisfies our overarching objective of cost-effective emissions reductions.</p><br />
answering member constituency South Northamptonshire more like this
answering member printed Andrea Leadsom more like this
question first answered
less than 2015-11-30T14:52:46.453Zmore like thismore than 2015-11-30T14:52:46.453Z
answering member
label Biography information for Andrea Leadsom more like this
tabling member
label Biography information for Alex Cunningham more like this