In today’s (23 September) Mini Budget, the chancellor revealed plans to renew both the Enterprise and Seed Enterprise Investment Schemes (EIS and SEIS) and VCT schemes beyond their 2025 deadlines, in a bid to boost UK entrepreneurship.
This means that the upcoming EU sunset clause is no longer an issue for these assets. In his parliamentary address, Kwasi Kwarteng said this was one of the "crucial steps on the road to making this a nation of entrepreneurs". In the newly launched Growth Plan 2022, it detailed: "The government remains supportive of the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) and sees the value of extending them in the future". Alongside this, the chancellor said the limits on the Seed Enterprise Investment Scheme and Company Share Option Plans would be increased to "make...
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