ECA responds to 2024 Spring Budget
In response to this week's Budget announcement by Chancellor Jeremy Hunt, leading engineering and electrotechnical services trade body ECA has welcomed the extra support for green energy, while expressing some concern over funds directed for infrastructure projects under the levelling up agenda.
ECA Head of Public Relations and Public Affairs Jane Dawson said:
"We welcome the boost in investment of £120M for the Green Accelerator fund to support the green energy supply chain, along with the promise of faster connections to the grid.
"Three quarters of electrical contractors are SME's, therefore we welcome the raising of the threshold for payment of VAT to a turnover of £90k, although with cost of living increases we had hoped the threshold would have been lifted higher. ECA Member firms with fleets of vehicles will be relieved to hear the duty on fuel has been frozen for a further year".
"While we welcome funds directed for infrastructure projects in the regions under the levelling up agenda, we are concerned this will benefit Members in some regions, while others will lose out. This could create a postcode lottery of demand for electrical contractors, which does not necessary reflect the workforce available."
This article was issued via Press Release as "ECA responds to 2024 Spring Budget" dated March 7, 2023.
--ECA
[edit] Related articles on Designing Buildings
- 2023 Autumn Statement in brief with reactions.
- Chancellor's 2022 Autumn statement industry response.
- CIOB comments on the Chancellor's Autumn Budget.
- ECA articles
- Government publishes UK infrastructure strategy.
- Industry responds as Rishi Sunak becomes new PM.
- No net zero without skilled workforce.
- The autumn statement: What is it and does it effect construction ?
- The general election and why a shortage of electrical apprentices matters.
Featured articles and news
International Electrician Day, 10 June 2025
Celebrating the role of electrical engineers from André-Marie Amperè, today and for the future.
New guide for clients launched at Houses of Parliament
'There has never been a more important time for clients to step up and ...ask the right questions'
The impact of recycled slate tiles
Innovation across the decades.
EPC changes for existing buildings
Changes and their context as the new RdSAP methodology comes into use from 15 June.
Skills England publishes Sector skills needs assessments
Priority areas relating to the built environment highlighted and described in brief.
BSRIA HVAC Market Watch - May 2025 Edition
Heat Pump Market Outlook: Policy, Performance & Refrigerant Trends for 2025–2028.
Committing to EDI in construction with CIOB
Built Environment professional bodies deepen commitment to EDI with two new signatories: CIAT and CICES.
Government Grenfell progress report at a glance
Line by line recomendation overview, with links to more details.
An engaging and lively review of his professional life.
Sustainable heating for listed buildings
A problem that needs to be approached intelligently.
50th Golden anniversary ECA Edmundson apprentice award
Deadline for entries has been extended to Friday 27 June, so don't miss out!
CIAT at the London Festival of Architecture
Designing for Everyone: Breaking Barriers in Inclusive Architecture.
Mixed reactions to apprenticeship and skills reform 2025
A 'welcome shift' for some and a 'backwards step' for others.
Licensing construction in the UK
As the latest report and proposal to licence builders reaches Parliament.
Building Safety Alliance golden thread guidance
Extensive excel checklist of information with guidance document freely accessible.
Fair Payment Code and other payment initiatives
For fair and late payments, need to work together to add value.
Pre-planning delivery programmes and delay penalties
Proposed for housebuilders in government reform: Speeding Up Build Out.
High street health: converting a building for healthcare uses
The benefits of health centres acting as new anchor sites in the high street.