Ignition Credit

Business & Personal Asset Finance for the South West & Wales

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Budget Boost for SMEs

4th March 2021 By Katy Baker

Cut your Tax bill by 25p for every £1 spent on plant and machinery

Plus extra support for green and renewable projects

Yesterday’s Budget announcement introduced a number of stepping-stones to assist recovery, restore fiscal strength and to build long term, sustainable economic capacity.  Key measures to help SMEs build their businesses include:

The Super Deduction:

  • A tax break for companies investing in new equipment
  • Tax bills cut by 25p for every £1 invested
  • Taxable profits reduced by 130% of the cost
  • In place for 2 years, starting April 2021

This is a huge incentive for any businesses looking to invest in new equipment over the next two years.

The UK Infrastructure Bank:

  • Investment in sectors such as renewable energy, carbon capture, storage and transportation
  • Low rate loans for companies looking to play a part in helping the UK reach its net-Zero carbon targets
  • Aim to attract £40bn of private investment into green projects

Ignition can help you take advantage of these initiatives to move your business forward.  We are on hand to assist with the funding of these investments to help your business grow. Contact us to find out more on 01872 272900.

    Filed Under: News

    Can we help?

    If you require assistance or further information call one of our finance experts on 01872 272900 or 0330 010 4282.

    You can also request a quote online, or use our simple vehicle finance calculator.

    Finance Products & Services

    • Asset Refinance
    • Finance Lease
    • Hire Agreement
    • Structured Payments
    • PCP (Personal Contract Purchase)
    • Hire/Lease Purchase
    • Contract Hire
    • VAT Deferrals
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    • Invoice Finance
    • Commercial Loans
    • Loan and Chattel Mortgage

    Our Products & Services

    • Asset Refinance
    • Finance Lease
    • Hire Agreement
    • Structured Payments
    • PCP (Personal Contract Purchase)
    • Hire/Lease Purchase
    • Contract Hire
    • VAT Deferrals
    • Tax Liability Finance
    • Invoice Finance
    • Commercial Loans
    • Loan and Chattel Mortgage

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    What We Finance

    • Car Finance
    • Prestige Car Finance
    • Classic Car Finance
    • Motorsport Finance
    • Vans & LCV Finance
    • Haulage & HGV Finance
    • Ignition Marine Finance
    • Ignition Aviation Finance
    • Bus & Coach Finance
    • Horsebox & Trailer Finance
    • Agricultural Asset Finance
    • Renewable Energy Finance
    • Construction Finance
    • Engineering Finance
    • Technology Asset Finance
    • Refurbishment & Fit-Out Finance
    • Refresh, Refurb and Renovate with Ignition

    About Ignition Credit

    Registered Office
    Sterling House,
    Green Court,
    Truro Business Park,
    Threemilestone,
    Cornwall,
    TR4 9LF

    Phone
    01872 272900
    0330 010 4282

    Email
    Sales Enquiries: [email protected]

    Office Hours
    Monday-Friday: 9:00AM-5:00PM

    Cornwall Chamber of Commerce

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    Copyright © 2025 Ignition Credit. All Rights Reserved
    E&OE Company Registration Number: 4315993 | VAT Registration Number: 864 5933 85
    Registered Office: Sterling House, Green Court, Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF

    IGNITION CREDIT PLC is Authorised and regulated by the Financial Conduct Authority FRN 679018
    IGNITION CREDIT PLC IS AN AUTHORISED CREDIT BROKER AND LENDER I Ignition work with a panel of lenders

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