Dr Ann Myatt, Conservative Candidate for Westmorland & Lonsdale, has welcomed the announcements in the Budget that will back manufacturers and businesses in South Lakeland by helping them not only invest more but also export more.
“Backing businesses is a central part of the Conservatives’ long-term economic plan to secure a better future for Britain. This Budget will build a resilient economy and deliver more economic security,” said Dr Myatt.
Measures announced in the budget to support businesses include:
- Cutting the cost of manufacturing by cutting the cost of energy bills for manufacturers, with targeted support for energy intensive industries
- Doubling the Annual Investment Allowance to £500,000 - meaning almost every business will pay no tax upfront when they invest in the future.
- Delivering the most competitive export finance in Europe by doubling the government lending available to exporters to £3 billion and cutting the typical interest rate on it by a third
Commenting on the budget announcement, Dr Ann Myatt added “This Budget is great news for businesses in South Lakes. Manufacturers and businesses looking to invest and export will welcome measures to cut energy bills, double the tax allowance for investing and boost support for exporters.”