MP backs biodiesel tax break campaign

29 June 2011

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

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

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

Mr George stated "a variety of small companies in Cornwall presently make cash from used cooking oil".

He added: "In order to have the ability to get this type of industry going it does require simply a bit of lift which comes in the form of tax foregone."

Biodiesel is a blend of standard diesel, rapeseed and .

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