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Broadband: Capital Allowances

Question for Department for Digital, Culture, Media and Sport

UIN 173022, tabled on 22 March 2021

To ask the Secretary of State for Digital, Culture, Media and Sport, pursuant to the Answer of 15 March 2021 to Question 166425, what assessment he has made of the potential acceleration of gigabit broadband rollout as a result of the the super deduction; and whether the Government plans to revise its targets for the rollout of gigabit broadband.

Answered on

30 March 2021

The March 2021 Budget announced a new super-deduction, allowing companies to cut their tax bill by up to 25p for every £1 they invest in qualifying new plant and machinery assets, ensuring the UK capital allowances regime is among the world’s most competitive. This will give companies a strong incentive to make additional investments, including in gigabit network build, in line with the government’s ambition to achieve nationwide coverage of gigabit-capable broadband as soon as possible.