Important note: Past performance is not indicative of future performance. Tax benefits depend on the individual circumstances of each investor and may be subject to change in the future.
The Chancellor announced in the ‘mini-budget’ last week that the Sunset Clause that was in place for 2025 for EIS and VCT tax reliefs will be extended, widely welcomed by the industry as support for innovation and early-stage companies continues.
John Glencross, CEO and Co-Founder of Calculus Capital, said: “It’s the most supportive budget for entrepreneurs in over a generation. The speed with which the Chancellor has moved to reaffirm the continuation of the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) shows strong support for the innovators and gamechangers who can grow and scale the UK’s businesses of the future.
“This focus should enable more investors to continue to gain access to the diversified, strong performing and tax efficient nature of VCTs and the EIS in the future.”