Treasury to pull the plug on tax breaks for green community energy schemes

#Energy Planned changes to certain types of tax relief mean that many community projects may now struggle to get off the ground

Community energy schemes popular with ethical investors have been thrown into chaos, with many of the projects now engaged in a race against time to beat the withdrawal of generous tax reliefs from April.

Locally run green energy schemes have been one of the ethical investment success stories of recent years, allowing people to put money into projects and earn returns that can sometimes be as high as 10%-plus a year.

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