Ethical Investment Association welcomes proposals for EIS/VCT relief for community-based renewable energy investments

The Ethical Investment Association, UKSIF’s financial adviser chapter, has welcomed the government’s plans to continue EIS/VCT relief for community-based renewable energy investments. The government proposals, announced in a consultation that closed yesterday, represent a rethink since Chancellor George Osborne announced in the March budget that this tax relief would be withdrawn from all investments eligible for Feed-In Tariff (FITs) payments for renewable energy generation.

UKSIF has also welcomed the move in a joint response with community energy organisations to the consultation paper.

Read the full press release.

Read the joint response.