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93103
registered interest false more like this
date less than 2014-10-14more like thismore than 2014-10-14
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Venture Capital more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what steps he is taking to promote investment in venture capital trusts. more like this
tabling member constituency Newcastle upon Tyne Central more like this
tabling member printed
Chi Onwurah more like this
uin 210570 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-21more like thismore than 2014-10-21
answer text <p>The venture capital trust (VCT) regime was significantly expanded at Budget 2012. VCTs can now invest up to £5 million a year into each qualifying company, and larger companies (with up to 250 employees and £15 million of gross assets) can benefit from the investments.</p><p> </p><p> </p><p> </p><p>The government believes that the VCT regime, alongside the other tax-advantaged venture capital schemes, plays a key role in facilitating access to finance for smaller businesses with growth potential. At Budget 2014 the government announced that changes would be made to enable investors to subscribe for VCT shares via nominees, to facilitate a wider range of opportunities to invest in VCTs. The government has also recently consulted on the impact of the recent expansions to the venture capital schemes and is committed to ensuring that the schemes continue to work effectively.</p><p> </p> more like this
answering member constituency South West Hertfordshire more like this
answering member printed Mr David Gauke more like this
question first answered
less than 2014-10-21T15:54:56.8254081Zmore like thismore than 2014-10-21T15:54:56.8254081Z
answering member
1529
label Biography information for Mr David Gauke more like this
tabling member
4124
label Biography information for Chi Onwurah more like this