Source · Select Committees · Treasury Committee
Recommendation 13
13
Paragraph: 67
EIS and VCT age limits disadvantage regional businesses, hindering economic growth and innovation.
Conclusion
The 7 and 10 year company age limits on EIS and VCTs serve to disadvantage businesses outside prime investment zones in London and the “Golden Triangle”. Firms from other regions can take longer to become established and therefore may 28 Venture Capital miss out on venture capital support through no fault of their own. This risks holding back economic growth and innovation in areas that would most benefit from it.
Paragraph Reference:
67
Government Response
A response document is linked to this report, dated 20 October 2023. Response attribution to this conclusion has not been verified. Read the response document ↗