Creating a supply hub for the shale gas industry could generate £30bn and create 13,150 jobs at its peak, according to a new report published today. But Peel Gas & Oil, which commissioned the report, warned that if the UK took too long to establish the industry investors […]
Small companies servicing a UK shale gas industry could generate more than £1.35 billion in tax receipts, according to industry figures released today.
David Cameron announced this morning that councils would be able to keep 100% of business rates they collect from shale gas sites, up from the current figure of 50%. Speaking in Lincolnshire, he said this could be worth up to £1.7 million a year for a typical fracking […]