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Extension of Enterprise Investment Scheme and Venture Capital Trust Scheme
04 September 2024
Type
Written Ministerial Statement
Department
Treasury
TAGS
At a Glance
Issue Summary
The statement discusses the extension of the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) Scheme sunset clause until 2035.
Action Requested
These regulations, made by the Treasury on 3 September 2024, bring into effect the previously legislated extension without additional exchequer impact. The schemes will continue to support early-stage companies in raising financing for growth and success.
Key Facts
- Regulations (SI 2024/897) were made by the Treasury on 3 September 2024.
- The EIS and VCT Scheme sunset clause is extended to 2035.
- There is no additional exchequer impact as costs are already accounted for in forecasts.
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