The expansion of the Annual Investment Allowance (AIA) from £200,000 to £1m kicked in at the start of January 2019. This will make investing in new equipment at MACH 2020 more cost-effective for most visitors. Between 1 January 2019 and 1 January 2021, businesses can invest up to £1m annually in qualifying “plant and machinery” assets and obtain 100% tax relief.
The show provides exhibitors with a real return on their investment by delivering an engaged audience with real purchasing power. The last edition of the show (MACH 2018) has already had upwards of £200 million worth of business attributed to it.
The next edition of the show is looking to build on that success and with the rise in AIA, companies will be able to purchase new manufacturing technology.
James Fudge, Head of Events for the Manufacturing Technologies Association (MTA), who organise MACH on behalf of industry, said: “The rise in the Annual Investment Allowance is great news for our members, exhibitors and visitors alike. This was a specific ask from the MTA and we believe it will stimulate business investment in the economy.
“We already create a great environment for businesses to thrive at MACH, and we know the expansion of the AIA will make investing in new technology even easier.”
MACH 2020 is shaping up to once again be the UK’s largest manufacturing technology showcase. In 2018 the show delivered for its exhibitors, with a 5% increase in trade visitors. In the post-show questionnaire of exhibitors, 95% of respondents said that they had generated leads for their sales team to follow-up post-show; 77% of exhibitors reported improved customer relations over the course of the show; and 80% of exhibitors raised their company profile by attending the exhibition.
To book you place at MACH 2020, email email@example.com for more information - Be Part of It.