MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently benefit from a 20p differential however that is due to end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable biodiesel alliance.
Mr George said "a variety of small businesses in Cornwall currently make cash from utilized cooking oil".
He included: "In order to be able to get this type of market going it does need simply a bit of lift which can be found in the form of tax foregone."
Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.
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