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KEY POINTS
- Using VCTs to close the equity gap.
- Reduced relief for pension contributions makes VCTs more attractive.
- Capital gains tax and income tax advantages.
- Restrictions on qualifying companies.
Small companies play an important part in the economy by introducing innovation and creating employment contributing eventually to higher economic growth.
In certain key sectors of the economy such as bioscience and low-carbon technology small start-up companies based on a new idea or product are increasingly important and relied upon by larger enterprises such as the pharmaceutical groups who are continually in search of new products and processes.
A start-up company in one of these key sectors may hold important patents and aim to develop a vital product but in the loss-making early years of the business funding is scarce especially during a...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
