Commons Sense

House of Commons · Written Ministerial Statement

Extension of Enterprise Investment Scheme and Venture Capital Trust Scheme

04 September 2024 · Treasury

Proposed by James Murray Lab Co-op Ealing North

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) Scheme sunset clause is extended until 2035.
  • These regulations, made by the Treasury, come into effect without additional financial impact on the exchequer.
  • The schemes will continue to support early-stage companies in raising financing for growth.

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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