Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many manufacturing firms have received help from the annual investment allowance in each year since that allowance was introduced; and what the total value of savings is accrued by those firms that have received such help.

By introducing the AIA, the Government has made tax simpler for the majority of UK businesses that invest in eligible plant and machinery below the AIA limit each year.

The total value of capital allowances received by manufacturing firms making AIA claims in the period 2011-12 to 2016-17 inclusive is £11.2bn. Full information, including data for earlier years, is available in Table 11.10 of each year’s National Statistics Publication “Corporation Tax Statistics”, accessible online at: https://www.gov.uk/government/collections/analyses-of-corporation-tax-receipts-and-liabilities

The total number of manufacturing companies claiming under the AIA each year is as follows: 32,110 (2011-12); 34,154 (2012-13); 34,418 (2013-14); 36,060 (2014-15); 36,807 (2015-16); 36,756 (2016-17).