Helen Jones – 2016 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Helen Jones on 2016-01-19.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the likely change in the number of projects being funded through the Landfill Communities Fund if the Contributory Third Party element is removed.
Damian Hinds
The Landfill Communities Fund (LCF) is a tax credit scheme into which landfill operators contribute voluntarily. Since its introduction in 1996, the LCF has contributed over £1.4bn to community projects in areas affected by a local landfill site. However, as the LCF is a tax credit scheme, it reduces the Government’s tax revenues. We therefore have an ongoing responsibility to seek value for money for the taxpayer.
Our reforms aim to encourage LCF money to get to communities more quickly and use the savings to address other significant issues like waste crime. The LCF will provide £39.3 million of additional funding in 2016-17 alone. We also hope more unspent funds, which this year totalled £118 million, will reach projects as soon as possible.
The impact of the changes to the LCF announced at Autumn Statement 2015 is set out in Reform and value of the Landfill Communities Fund. This document can be found here:
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