Ana Musat, the executive director of policy at RenewableUK, recently called for the UK Government to start competing with the US Inflation Reduction Act, in order to create what she refers to as an “attractive policy and regulatory environment” to entice both developers and potential investors.
UK consumers and companies interested in renewable energy assets often seek out informed investment advice in Chester, London and other financial hubs. Wealth managers are independent financial advisors (IFAs) who can offer an unbiased and professional opinions on investment opportunities and explain both the risks and returns involved to their clients in plain language that is easy to follow.
The plea from RenewablesUK was presented in direct response to the Chancellor of the Exchequer Jeremy Hunt’s outlined vision to achieve long-term prosperity in Britain. It is Musat’s belief that to create a level playing field for both investment and innovation in the UK, a clear plan for green growth is essential.
Musat explained:
“Mr Hunt must ensure that the UK can compete on a level playing field with the US and the EU, both of which are offering generous stimulus packages to attract private finance from the innovative companies which are spearheading the clean energy transition.”
The Executive Director at the renewable energy trade association also referenced the significance of the upcoming Spring Budget and has now called for the capital allowances regime to be overhauled to avoid losing out on opportunities in the international race to acquire investment.
