Sign and Digital UK has earned a reputation as a ‘buying show’. Its 2014 instalment is set to see intense activity in this respect with a ￡500,000 investment allowance from Government
“Almost every business across Britain will pay no up-front tax when they invest in the future,” said Osborne, who is currently withstanding pressure to extend the allowance increase past the current deadline.
The Government’s policy statement explains the purpose of the huge AIA bump: “By accelerating the relief on qualifying expenditure up to ￡500,000 limit, this measure will provide an incentive, particularly to small- and medium-sized businesses, to increase or bring forward their capital expenditure on plant and machinery.”
It also adds to ring-fenced funds distributed to Councils around the UK that encompass manufacturing hubs to help provide further tax-relief on machinery purchases.
It is only good news the long-term future of our industry that the Government is focused on supporting manufacturing”
Weighing in on the announcement, the event organiser for Sign and Digital UK Rudi Blackett emphasised its importance for the show: “It really is a perfect window of opportunity for print-service-providers who want to expand their capabilities. Sign and Digital UK is already well-known for being a place you can get good deals on machinery purchases, and this announcement in the budget now makes it a really attractive proposition as you can think much bigger with the ￡500,000 extension for annual investment.”
Blackett continues: “It will definitely help make it one of the best buying shows we have ever had. In addition to that it is only good news the long-term future of our industry that the Government is focused on supporting manufacturing.”