Autumn Statement: investment allowance raised to £250k

In today’s Autumn Statement, Chancellor of the Exchequer, George Osborne, announced a temporary increase in the Annual Investment Allowance, from £25,000 to £250,000 for two years, with the move aimed at supporting small and medium-sized businesses.

In addition the Chancellor set out plans to create a £1 billion Business Bank to help smaller firms access finance and support.

The Country Land and Business Association has welcomed the increase in the investment allowance saying it could kick-start investment in farm machinery, renewable energy projects and other diversified rural businesses.