Home / Knowledge / News / Textiles / UKFT's CCL rebate scheme opens for new entrants

UKFT's CCL rebate scheme opens for new entrants

22
Jun '20
Pic: Shutterstock
Pic: Shutterstock
The Climate Change Levy (CCL) rebate scheme for the textile industry has now opened for entrants till September 2020. Spinners, weavers, knitters, dyers, printers, or finishers, are eligible to join the scheme. The scheme can save textile companies an average of £30,000 a year. The CCL rebate scheme has been running very successfully since 2002.

Since 2002, the industry has saved over £90 million in the levy and energy saving measures have seen the sector reduce its emissions by over 600,000 tonnes of CO2. The CCL scheme was introduced as an energy tax payable by all business in 2001. However, some industrial sectors were offered a rebate in the levy in return for agreeing to specific energy reduction targets. For the textile industry, there are two separate schemes one covering the wet processing sector (dyeing, printing coating and associated drying and finishing activities) and the other covering spinning, weaving and knitting (and other similar processes), according to a press release by UKFT.

Companies joining the UKFT CCL scheme will be eligible for a rebate of some 92 per cent on the CCL on electricity and 81 per cent on the levy on electricity. On average companies are currently saving over £30,000 a year, but for large companies the savings can be over £100,000 a year. In order to maintain the discount, companies must meet set energy reduction targets. New entrants to the scheme will need to demonstrate that by 2022 they will have reduced the amount of energy used by 7 per cent compared to 2018.

The CCL rebate scheme for the textile industry is administered by UKFT. UKFT will help companies complete all the necessary paperwork, will submit all necessary registration details to the Environment Agency. UKFT collects and monitors company’s performance every three months and helps companies develop strategies to meet their energy reduction targets.

There are costs involved in taking part in the scheme. There is a fee of £185 that is payable to the Environment Agency, a UKFT joining fee of £250, and then an administration fee payable to UKFT of an annual 5 per cent of the savings achieved through the scheme. This figure drops to 3 per cent for those companies that are members of UKFT or are a member of an organisation that in turn is a member of UKFT.

Fibre2Fashion News Desk (GK)


Must ReadView All

Pic: Shutterstock

Textiles | On 5th May 2021

India-UK launch Enhanced Trade Partnership

To unleash the trade potential between the 5th and 6th largest...

Pic: Shutterstock

Textiles | On 5th May 2021

EURATEX welcomes revamped EU Industry Strategy

EURATEX, the voice of the European textile and apparel industry, has...

Pic: Shutterstock

Textiles | On 5th May 2021

US economy could see fastest growth in 3 decades: NRF

With more businesses reopening and bringing employees back to work,...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search