Supporting the cold chain to kick-start growth across the UK

Published on September 16 2024

Ahead of the UK Budget in October, we have called on the UK government to implement a series of measures to bolster the country’s cold chain sector, a critical component of the national economy.

https://www.coldchainfederation.org.uk/wp-content/uploads/2024/09/CCF-Letter_-Budget_September-2024.pdfIn a letter to the government, the Federation’s CEO Phil Pluck highlighted the sector’s significant contribution to GDP, employment, and tax revenue. They emphasised the need for government support to address infrastructure challenges, encourage sustainable practices, and reduce the financial burden on businesses.

Key recommendations from the Federation include:

  • National Wealth Fund for Infrastructure Investment: Investing in grid improvements to enhance efficiency and resilience.
  • Tax Incentives for Next-Gen Transport Refrigeration Units (TRUs): Promoting the adoption of more sustainable and energy-efficient transport refrigeration units.
  • Business Rates Reform for Cold Storage Facilities: Reviewing business rates to ensure they accurately reflect the sector’s critical role.
  • Continuation of Fuel Duty Cuts: Maintaining fuel duty cuts to support operational efficiency and consumer affordability.
  • Extension of Full Expensing for Leased Assets: Enabling businesses to invest in state-of-the-art equipment and technologies.

The Federation argues that these measures are essential for safeguarding public health, ensuring the safe delivery of essential goods, and promoting economic growth. As the government prepares for the upcoming October budget, the Federation urges policymakers to consider these recommendations.

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