Venture capital

High-growth potential companies struggling to gain access to finance have received a boost from the extension of existing venture capital reliefs. Income tax and capital gains relief for investment funding in knowledge-intensive companies have been extended with a doubling of Enterprise Investment Scheme and Venture Capital Trusts scheme limits. The Government intends to target the reliefs at higher risk investments, with a new 'risk to capital' condition.

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By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.