Tax-efficient sector frets over 'impatient' capital review

Venture capital trust (VCT) and Enterprise Investment Scheme (EIS) managers have reacted with caution to the Patient Capital Review consultation document issued by the government last month. The review was launched by the government late last year and a panel of investment luminaries, headed by Sir Damon Buffini and including Neil Woodford, was set the task of shaping the themes of the consultation. The document subsequently released by the Treasury suggests the government is most worried about the ability of innovative firms to scale up and source capital for their growth plans. J...