Budget 2010: Treasury considers relaxing VCT rules

In the Budget Report, the Treasury says it will work with the industry to look at changes including: increasing the employee limit to either 100 or 250; the gross assets limit to £15m before the investment and £16m after, as well as hiking the annual investment limit to £5m for qualifying companies. Under current rules, investee companies can have a maximum of 50 employees and can only receive £2m from VCTs in any year. The report also says following consultation, the European small enterprise definition will not be introduced next month. AIC director general Ian Sayers says: "Remo...