Enhanced Capital Allowances
Incentive for major capital investment
Sheffield City region is one of only six Enterprise Zones in England that are able to offer Enhanced Capital Allowances to businesses making significant capital investments in plant and machinery.
Making your plant and machinery more affordable
A small number of sites across the region have been identified as the most suitable for major capital investment. These have been earmarked to offer the Enhanced Capital Allowance incentive to qualifying businesses who are looking to make significant investments in plant and machinery
On these selected sites, 100% first-year allowances (FYAs) will be available for significant investments in plant or machinery made during the five-year period between April 2012 and March 2017. These generous allowances make investment in major equipment more affordable and viable for businesses setting up or expanding in the region’s manufacturing centres of excellence.
To find out if your business qualifies for Enhanced Capital Allowances, please contact us.
Enhanced Capital Allowances are available for qualifying businesses on specific sites in the following locations: