FDF’s Autumn Statement Submission
25 October 2023
FDF’s has sent a representation to the Chancellor and HM Treasury ahead of the 2023 Autumn Statement due to take place on 22 November 2023.
Our submission focuses on three key areas:
- Boost productivity, create higher skilled, better paid jobs and drive R&D investment
- Deliver an internationally competitive business environment to drive investment
- Creating a sustainable food system
Download the full Autumn Statement submission
Topics
Overview of the Recommendations:
Boost productivity, create higher skilled, better paid jobs and drive R&D investment
- Target financial incentives to increase the uptake of robotics, automation and digital technologies in food and drink
- Reform the Apprenticeship Levy to allow use of levy funds on shorter, modular training. To wider Apprenticeship participation, remove the functional English and Maths skills requirement.
- Make the 100% first year capital allowance (full expensing) permanent.
- Broaden the eligibility criteria and accessibility of R&D tax credits and grants to incentivise healthier product innovation.
- Establish a UK-wide Reformulation for Health Programme.
- Create a permissive sample import system to attract R&D investment.
Deliver an internationally competitive business environment to drive investment
- Work with industry to develop evidence-based, effective initiatives that will genuinely shift the dial on obesity and poor diets.
- Do not introduce new food and drink taxes that hurt consumers, but find alternative ways to drive innovation in reformulation.
- Work with industry to deliver a world-leading Extended Producer Responsibility (EPR) scheme.
- Set out a timeframe for implementing consistent collections in England (with equivalent policies in the Devolved Nations) by October 2025, including plastic films collections by no later than March 2027.
- HMRC to allow mass balance accounting to unlock investment in chemical recycling.
- Make ‘not for EU’ labelling optional in Great Britain rather than mandatory.
- Work with us to set up a dedicated UK trade information portal to support SMEs.
- Deliver the UK’s Single Trade Window (STW) in a timely manner, using international best practice.
Creating a Sustainable Food System
- Develop a successor scheme to the Energy Bills Discount Scheme from April 2024 with targeted support for food and drink manufacturers.
- UK Deposit Return Scheme (DRS) must go ahead as soon as practically possible with alignment on scope and date across UK.
- Expediate the consultation on the future phase on the Climate Change Agreements and include decarbonisation in future targets.
- Simplify the application process and increase the budget of the third phase of the Industrial Energy Transformation Fund (IETF).