Pre-Budget Report 2004
Thursday, 2 December 2004
Opportunity for all: The strength to take the long-term decisions for Britain
IMPROVING WASTE MANAGEMENT
PROTECTING THE ENVIRONMENT
7.56 The Landfill Tax Credit Scheme (LTCS) redresses some of the environmental costs of landfill by improving the environment in the vicinity of landfill sites. Projects benefiting from LTCS funding include the reclaiming of land, improvements to local community facilities and repairs to places of worship. In 2003, the landfill tax credit scheme was reformed and extended to include habitat creation projects in support of biodiversity. In addition, a number of changes have been made to the running of the scheme: simplifying administration and streamlining processes, introducing a small grants scheme, and introducing better information systems. Value for money indicators are also being developed. Budget 2004 announced that the value of the scheme would be increased in line with inflation so that it is worth £48.3 million in 2004-05. The Government recognises the important contribution made by the LTCS and has received positive representations from stakeholders on the value of the projects funded by the scheme. The Government will announce the value of the scheme for the coming year in Budget 2005. To see the entire Pre-Budget Report, related press notices and associated documents please visit:
http://www.hm-treasury.gov.uk/pre_budget_report/prebud_pbr04/report/prebud_pbr04_repindex.cfm