The BPIF, RSM Robson Rhodes, Picon and the Financing & Leasing Association said printing kit generally had a lifespan of less than 25 years, which should be reflected by capital allowances.

The Inland Revenue had judged each case on its own merits, but capital allowance on printing machinery had been as low as 6%.

BPIF membership director Mike Hopkins said: It essentially means that companies can offset 25% of a machines value as standard against their profits in the first year.

RSM Robson Rhodes partner Daniel Smith said: Because you can set off more of the purchase value at an early stage it should make it easier to invest.