This month, the UK’s Chancellor of the Exchequer, Rishi Sunak, announced his Spring Budget plans, which include a super-deduction tax incentive for companies wishing to invest in plant and machinery.
Sunak’s super-deduction, which commences in April 2021, will cut your tax bill by 25p for every £1 you invest in new equipment. “The super-deduction is a 130% first-year allowance for qualifying plant and machinery expenditure which would ordinarily be relieved at the main rate writing down allowance at 18%.” (Gov UK, 2021).
Therefore, companies wishing to invest in automated machinery will benefit from these measures, as well as increasing production efficiency with our innovative solutions. See below a list of more reasons why you should take advantage of the super-deduction initiative and integrate automation into your business plan:
- One of the most obvious benefits of automating production is a significant increase in throughput – machinery can operate for long periods of time, without the need for breaks and distractions
- Traceability is another advantage – manufacturers are able to track and analyse the performance of machinery and can make ongoing improvements to boost productivity
- Creates a safer working environment – investing in machinery reduces health and safety risks and eliminates manual handling
CWM Automation specialises in designing and manufacturing cutting-edge filling, sealing and lidding solutions for a wide range of industries, including dairy, beverage, convenience foods and pet food. We also offer bespoke solutions, with the ability to tailor our solutions to meet exact customer requirements.
Learn more about how our solutions could benefit your company by getting in touch with our expert sales team on 01427 614 222 or emailing sales@cwm-automation.com.
