MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.

Producers transforming cooking oil into biodiesel currently benefit from a 20p differential but that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable biodiesel alliance.

Mr George stated "a number of small businesses in Cornwall presently earn money from utilized cooking oil".

He included: "In order to be able to get this kind of market going it does need just a bit of lift which comes in the kind of tax inescapable."

Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.

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St Ives Liberal Democrats