Tax breaks for fracking
Tax breaks and fast-tracked permits for controversial shale gas exploration are likely to form part of the multi-billion pound infrastructure package aimed at kick-starting sluggish economic growth
DECC: Communities near fracking wells to get £100K
The Department of Energy and Climate Change has said that communities near fracking wells will receive £100,000 in "community benefits" as well as 1% of revenues derived from the operation.
It is part of a package of benefits for communities brought forward by the industry today.
Energy Minister Michael Fallon said: "This will provide a welcome boost for communities who will host shale exploration and production as well as offering strong assurances that operators will engage with them and work to the highest health, safety and environmental standards.
“From money off bills, playgrounds, sports halls or regeneration schemes, people will see real and local advantages from shale gas production in their area.”
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