Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of (a) extending the Super-deduction and (b) replacing it with an equivalent to support the ports industry to invest in green infrastructure.

At Spring Statement the government set out that, ahead of the end of the super-deduction, it is considering reforms to best support future business investment. In doing so, it will continue to review the latest evidence, including the impact of the super-deduction and views of businesses.

The government is investing £206 million to establish a UK Shipping Office for Reducing Emissions, which will deliver a suite of interventions focused on decarbonising the maritime sector, and will extend the Clean Maritime Demonstration Competition to deliver real-world demonstrations of clean maritime vessels and infrastructure.

Freeport tax sites are able to benefit from a suite of tax reliefs including a 100 per cent enhanced capital allowance for plant and machinery and a 10 per cent enhanced structures and buildings allowance for non-residential structures and buildings. Qualifying capital expenditure in freeport tax sites will benefit from those reliefs, thus providing additional support for investment, including green investment, in our ports industry.