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100089

registered interest
date	21/10/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Venture Capital
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what assessment his Department has made of a potential equity gap in UK venture capital sector.
tabling member constituency	Stratford-on-Avon
tabling member printed	Nadhim Zahawi
uin	211212
answer	answer is ministerial correction date of answer 28/10/2014 answer text <p>I have asked the British Business Bank to publish its analysis of equity finance available to UK small business before the end of the year, which will include analysis on UK venture capital. The Department also published an economics paper in January 2012 on SME access to finance, which summarized the evidence at that time about the equity gap in UK venture capital. The paper is available at the following web address: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32263/12-539-sme-access-external-finance.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32263/12-539-sme-access-external-finance.pdf</a></p><p> </p> answering member constituency West Suffolk answering member printed Matthew Hancock question first answered 28/10/2014 11:00:19 answering member 4070 label Biography information for Matt Hancock
tabling member	4113 label Biography information for Nadhim Zahawi

93103

registered interest
date	14/10/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Venture Capital
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to promote investment in venture capital trusts.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	210570
answer	answer is ministerial correction date of answer 21/10/2014 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> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 21/10/2014 15:54:56 answering member 1529 label Biography information for Mr David Gauke
tabling member	4124 label Biography information for Chi Onwurah