Autumn Statement: VCTs get boost as investment limit is scrapped

clock

George Osborne has widened the investment universe for venture capital trusts (VCTs), removing the £1m investment limit per company rule, it was announced in today's Autumn Statement.

Since the schemes were launched in April 1995, VCTs have been limited to investing £1m in a single company per tax year. However, Osborne has now indicated VCTs can invest an unrestricted amount into a small business. "In addition to the VCT changes that were consulted on in the Budget in March - the government will remove the £1m investment limit per company for VCTs to reduce the administrative burdens of the scheme," said Osborne. In March the government relaxed the VCT and EIS rules to allow the schemes to invest in businesses with gross assets of up to £15m, up from the curren...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on VCTs / EIS

Stimulating investment risk-taking: What makes VCTs crucial in 2025

Stimulating investment risk-taking: What makes VCTs crucial in 2025

'The intention of the VCT scheme is to stimulate a culture of entrepreneurship'

Jon Prescott
clock 17 February 2025 • 4 min read
Turning 30: There has never been a more important time to utilise EIS

Turning 30: There has never been a more important time to utilise EIS

EIS investing isn't a one-size-fits-all all approach

Moray Wright
clock 27 March 2024 • 3 min read
Five reasons why now is the time for EIS in client portfolios

Five reasons why now is the time for EIS in client portfolios

'The current market presents a unique opportunity'

Will Gibbs
clock 22 February 2024 • 5 min read