Chancellor George Osborne has announced "sweeping changes" will be made to Enterprise Investment Schemes (EIS) to boost small businesses.
Osborne has upped the income tax relief to 30% from 20% and has raised the amount the schemes can invest in one company by 400%.
The chancellor said the amount of people that a qualifying company can employ will also increase.
The move comes as no surprise as the Chancellor has previously hinted he is looking at changing the schemes rules to make them more attractive.
The chancellor also said real estate investment trusts (Reits) would be ‘simplified'.
Growth driven by platform business
No preferred charging model
To 1,552 families and businesses
HL and Liberty SIPP slowest
Lifetime and annual allowances