Jonathan Ashworth – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Jonathan Ashworth on 2015-09-16.

To ask Mr Chancellor of the Exchequer, whether the Enterprise Investment Scheme will be available to fund the construction of diesel power stations taking part in Capacity Market auctions after 2015.

Mr David Gauke

HM Revenue and ‎Customs (HMRC), which administers the Enterprise Investment Scheme (EIS), does not keep a record of the number of diesel power generation companies receiving capacity market payments that have received investments under the EIS.

HMRC does not disclose details of companies that have raised investments under the EIS.

No estimate has been made of the number of diesel power stations taking part in the next Capacity Market Auction that may receive investments under the EIS. Whether a company qualifies for EIS depends on its individual circumstances.

The Government keeps all tax schemes under review, to ensure that any reliefs continue to encourage investment in a well-targeted and effective manner.