Conservative MP and member of the Treasury Select Committee Chris Philp has signalled that tax-efficient investment schemes like VCTs and EISs could receive a boost in the Budget on 22 November.
At the Growth Investor annual awards the MP told attendees, who were largely made up of venture capital trust (VCT), enterprise investment scheme (EIS) and seed EIS sector representatives, that the government recognised that start-up and growth capital "is not nearly as readily available as it should be. "I believe there are opportunities to widen the scope of VCT and EIS and seed EIS, so keep a look out on 22 November," he said. He added: "But, at the same time, where there are very low-risk or asset-backed investments [we need to make sure] those don't unfairly benefit from what are...
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