EIS repreive maintains funding opportunities for anaerobic digestion

ADBA PRESS RELEASE

In response to news published today [19 May] that EIS-qualifying funds will be allowed to continue to invest in anaerobic digestion projects, Charlotte Morton, chief executive, the Anaerobic Digestion and Biogas Association said:

The government’s announcement that they will allow continued investment in anaerobic digestion plants from EIS-qualifying funds is hugely welcome.

 

As the green investment bank’s market report in 2013 demonstrated, AD investments remain relatively high risk from the funder perspective, so this is vital to continue industry growth.

 

We are grateful that the government has listened to the case that the industry and its investors have made, and recognised the role of AD in tackling climate change and helping provide food and energy security.

The anaerobic digestion and biogas industry will meet to discuss the sectors potential to deliver ultra low carbon gas and electricity, supporting green economic growth and jobs, energy security and helping the UK to meet its climate change and emissions targets, on 2-3 July at UK AD & Biogas 2014.

ENDS.

ADBA’s briefing on Enterprise Investment Schemes and the RHI/ RO can be found here: https://adbioresources.org/wp-content/uploads/2014/04/140404-EIS-briefing.pdf

The government’s update on changes to venture capital schemes document can be found here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/312204/Update_on_changes_to_venture_capital_schemes.pdf