The findings of the Treasury Select Committee’s inquiry into Venture Capital, launched in 2022, have today been published. We thank the Committee for their recognition of the importance of the schemes and we welcome the Committee’s recommendation:

that HM Treasury extend the EIS and VCT sunset clauses beyond April 2025 at the earliest opportunity. HM Treasury should provide more certainty for founders and investors alike by announcing the length of the extension and a clear timeline for implementing it as soon as possible.

This extension is critical to ensuring that the EIS continues to fuel entrepreneurs – and the UK economy – beyond April 2025.

Read the full report here.

Other recommendations from the Committee include:

We are grateful to the Committee for inviting EISA to provide evidence to the inquiry and thank you to all EISA members who contributed to our submission last year — to revisit it, please click: https://committees.parliament.uk/writtenevidence/109009/pdf/.

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