Consultation outcome

Maximising economic recovery: consultation on a cluster area allowance

• From: HM Treasury and The Rt Hon Priti Patel MP
• Published: 23 July 2014
• Last updated: 10 December 2014 — See all updates

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Read the full outcome

Maximising economic recovery – consultation on a cluster area allowance: summary of responses

Ref: ISBN 978-1-910337-56-1, PU1739

PDF, 282 KB, 32 pages

Detail of outcome

This document summarises the responses received during the consultation carried out by the government between July and September 2014 on proposals for a cluster area allowance for ultra high pressure, high temperature (UHPHT) projects. It also sets out the government’s responses to the outcomes of the consultation; the introduction of a cluster area allowance for high pressure, high temperature (HPHT) projects.

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Original consultation

Summary

A consultation paper on a proposal for a new cluster area allowance.

This consultation ran from
10am on 23 July 2014 to 11:45pm on 30 September 2014

Consultation description

As announced at Budget 2014, the government has published a consultation paper on a proposal for a new cluster area allowance. The allowance aims to support investment in ultra high pressure, high temperature oil and gas projects and to encourage exploration in surrounding areas (or “clusters”).

The government would like to hear from a wide range of stakeholders including individuals, companies and representative and professional bodies. HM Treasury will be holding a series of working groups over the summer with commercial, exploration, tax and finance experts to discuss technical issues raised in the consultation. If you would like to be a working group member please send a nomination, with your current position and organisation, using the correspondence details below.

The government will publish a summary of responses to this consultation later in the year. Where appropriate, legislation will be brought forward in Finance Bill 2015.

Documents

Maximising economic recovery: consultation on a cluster area allowance

HTML

Maximising economic recovery: consultation on a cluster area allowance

Ref: ISBN 978-1-910337-24-0, PU1688

PDF, 274 KB, 30 pages

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Published 23 July 2014
Last updated 10 December 2014 + show all updates

1. 10 December 2014

   Updated to include the summary of responses document.

2. 24 July 2014

   PDF uploaded

3. 23 July 2014

   First published.