Following consultation, the Summer Budget announced changes to take effect from royal assent to the Summer Finance Bill 2015, including: new limits on the period of eligibility for companies after receiving their first risk finance investment; a new cap of £20m for knowledge-intensive companies and £12m for other companies; and new rules to prevent EIS and VCT funds being used to acquire existing businesses. See www.bit.ly/1EEnfkr.
Following consultation, the Summer Budget announced changes to take effect from royal assent to the Summer Finance Bill 2015, including: new limits on the period of eligibility for companies after receiving their first risk finance investment; a new cap of £20m for knowledge-intensive companies and £12m for other companies; and new rules to prevent EIS and VCT funds being used to acquire existing businesses. See www.bit.ly/1EEnfkr.
