Manufacturers of soft drinks will soon be taxed on the volume they produce or import. Drinks will fall into two bands; one for total sugar content over 5g per 100ml which will be levied by 18p per litre and a second band for drinks with more than 8g per 100ml will have an extra 24p per litre. Pure fruit juices will be exempt as they do not carry added sugar, whilst drinks with a high milk content will also be exempt because of their calcium content. With this in mind there is now a high demand on innovation for soft drinks for both the child and adult drinks market.
The Government’s new Industrial Strategy – which includes a Food and Drink Sector Council. The UK has a £112 billion farm to fork food chain and employs almost 4m people according to the Food and Drink Federation. The new creation of a Food and Drink Sector Council will help to enable industry growth, exports, innovation and skills seen as priority areas for both food and drink manufacturing and the other sectors that make up the food chain.
Government Funding for Business – There are many different ways to get funding from the UK Government for both public and private sectors; the problem is understanding how and where to find out about the available funding and the information on how to apply for it. Last year Instantprint received a £1.5 million grant funded via Sheffield City Council for regional Growth. There are many different grants available from growth to innovation for helping business to be ‘Green’ to CSR. Take the time out to do the research or contact us for help.