CCA could offset rising energy costs

Manufacturers of sheet metal components, forgings, fasteners and cold-rolled sections can get vital support to help them cope with soaring energy costs according to a sector trade body. The Confederation of British Metalforming (CBM) has received notification from the Environment Agency that the Climate Change Agreement (CCA) scheme has reopened to new entrants, but firms only have until 31 March to stake their claim.

Thousands of businesses – already struggling with supply chain disruption and the aftermath of the pandemic – could be eligible for a discount of up to 100% of the tax they will be paying on their gas and electricity bills. Bosses at the CBM made the rallying call in a bid to raise awareness among companies that did not know the change of rules could help them benefit from the discount on the Climate Change Levy while the replacement scheme is under consultation.

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