UK food and packaging manufacturers that have been considering a switch to thermal lamination will have an added incentive to do so after the Government announced a programme of tax ‘super deductions’ for plant/machinery and special rate assets.
The new scheme will see businesses able to claim a 130% super-deduction capital allowance on qualifying plant and machinery investments, and/or a 50% first-year allowance for qualifying special rate assets such as solar panels, until March 2023.
The super-deduction will allow companies to cut their tax bill by up to 25p for every £1 they invest, making it the ideal time for packaging and food firms to invest in new technology that could dramatically cut their speed to market as well as saving on energy costs.
In addition to the obvious benefits of these tax allowances, converting from conventional film lamination to thermal lamination has various other plus points for manufacturers.
Using the CellCoat T30 thermal laminator cuts the amount of square footage requires to produce packaging films, since there’s zero curing time. Our reel-to-reel technology means the laminated film is ready for slitting and welding on the same day, for unrivalled speed and responsiveness.
Added to its digital print compatibility, this makes our technology a practical and cost-effective choice for packaging manufacturers looking to increase volume, and also for small to medium sized food manufacturers looking to bring their packaging production in-house.
To find out more about the Government’s Super Deduction scheme for plant & machinery, visit https://www.gov.uk/guidance/super-deduction. For further information about the CellCoat T30, or any of our lamination machines, get in touch.