HM Treasury consultation “Financing growth in innovative firms” closed on Friday (22nd September 2017).
According to Chancellor Philip Hammond’s introduction:
“Responses to this consultation will help to shape an important part of our economic and Industrial Strategy for the coming years. I hope that, in responding, respondents will also comment on the effectiveness of existing interventions as it is important that they continue to be appropriately targeted. Decisions on the allocation of resources across existing and any new programmes arising from the responses to the consultation will be made at the Autumn Budget.”
Financial planners may find section 6 of particular interest as this section is dedicated to a review of existing tax relieved schemes designed to promote investment into entrepreneurial businesses in the UK such as EIS, SEIS & VCT
Link to consultation document – Financing growth in innovative firms consultation