Regulatory Fees for British Chemicals Sector Reduced
New legislation to cut UK REACH costs for chemical businesses has come into force as part of the Government’s Plan for Change.
The move means nearly all current fees and charges for chemical businesses are going down. The Government expect the changes to lead to a total reduction of costs by £40 million for businesses across the next six years – from 2025/26 to 2030/31.
Included in the changes is a new standard registration fee of £2,222, which the Government say will mean a significant reduction to the cost of registration for 92% of firms.
This aim is to relieve the UK’s chemicals industry of unnecessary cost burdens, create conditions for them to invest in new infrastructure and deliver growth for the sector.
You can find out more information here.
