An open letter to Philip Hammond on EIS and VCTs

From Kin Capital

Ahead of the Autumn Budget on 22 November, Tom Hopkins and Richard Hoskins write an open letter to Chancellor of the Exchequer Philip Hammond on the subject of encouraging investment in growth businesses.

Dear Chancellor, You, above all people, will be aware that the headlines are dominated by all things Brexit and the clouds of uncertainty that surround all of us in the UK. No doubt you are also aware that, less prominently, there has been quite a lot in the press recently about the subject of tax-efficient investing - namely the Enterprise Investment Scheme (EIS) and venture capital trusts (VCTs). These press articles are a result of the Patient Capital Review, which you launched in August to review the funding of growth businesses, and the heightened speculation that EIS and VCT ...