On 23rd March 2022, the Chancellor delivered the Spring Budget which included two green business rates relief measures which have been brought forwards.
The first of these is an exemption for green plant and machinery which is onsite and used for renewable energy generation and storage. These are likely to be items such as solar panels, wind turbines or battery storage. The rates liability for these items will be removed from April 2022 until March 2035.
The second announcement is that onsite storage used in connection with electrical vehicle charging points will also be exempt.
If you would like any further information or to see whether plant and machinery on your site should be exempt, please get in touch with one of our team.