Budget 2014: measures for businesses

The Chancellor George Osborne delivered his fifth Budget statement to the House of Commons on Wednesday 19 March. Here’s a summary of Budget 2014 measures that affect businesses.

  • Exports: the reach and support that UK Trade and Investment offers to businesses will be expanded
  • Housing: £0.5bn of finance to support small house-building firms
  • Apprenticeships: the apprenticeships grant for small employers is extended
  • Business rates: discounts for businesses in enterprise zones extended for three years
  • R&D: the research and development tax credit for small loss-making firms increases from 11 per cent to 14.5 per cent
  • Capital investment: the Annual Investment Allowance (AIA) is doubled to £500,000 from April 2014 and extended to 2015
  • Energy: the carbon price floor is frozen at £18 per ton of carbon dioxide from 2016 until 2020; compensation for energy-intensive industries extended to 2019/20.

See our other news stories for measures affecting personal finances and a round-up of other headline announcements.

Also, bookmark our Budget 2014 pages for the detailed guide to the Chancellor’s statement that we will publish later today.

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