FDF’s Spring Budget Submission
21 February 2024
FDF has sent a representation to the Chancellor and HM Treasury (HMT) ahead of the 2024 Spring Budget due to take place on 6 March. Our submission focuses on two key areas aligned to our manifesto which was published on 13th February:
- Driving growth and productivity in the UK’s largest manufacturing sector
- Creating a Sustainable Food System
Download the Full FDF’s Spring Budget submission
Topics
Overview of the Recommendations:
Drive growth and productivity
- Ensure the Food Standards Agency (FSA) is sufficiently funded given its new responsibilities – critical for UK food safety and innovation.
- 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.
- Target financial incentives through a Food and Drink Manufacturing to increase the uptake of robotics, automation and digital technologies.
- Reform the Apprenticeship Levy to allow use of levy funds on shorter, modular training. To widen Apprenticeship participation, remove the functional English and Maths skills requirement.
- 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
- Simplify the application process and increase the future budget of the Industrial Energy Transformation Fund (IETF).
- Expediate the consultation process on the future phase of the Climate Change Agreements and include decarbonisation in future targets.
- Work with industry to deliver a world-leading Extended Produced 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.
- UK Deposit Return Scheme (DRS) must go ahead as soon as practically possible with alignment on scope and date across UK.