Chamber Of Commerce: ‘Let’s All Benefit From Lancashire’s Shale Gas Industry’

  • Date: 12/08/16
  • Lancashire Evening Post

Business people are getting behind controversial plans to let Lancashire householders share a cash pot to help get the shale gas industry going.

Many residents are opposed to the Government’s proposed new cash offer to households to offset the impacts of fracking.

But the move has found support from members of the business community. Babs Murphy, chief executive of the North & Western Lancashire Chamber of Commerce, said:

“This is Lancashire’s gas and this is another opportunity for local people to share directly in all the benefits.

“We therefore welcome the Government’s consultation on the Shale Gas Wealth Fund (SGWF). It will allow local communities to decide how they should directly benefit from wealth generated by local shale gas activity.”

Payments from the SGWF are in addition to exploration stage community benefits funding, retention of business rates and shares of production revenue.

In addition to the SGWF and other payments, Lancashire’s businesses will also benefit from Cuadrilla’s investment in the local supply chain.

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