BusinessCorporate FinanceVenture capitalists praise Budget’s boost

Venture capitalists praise Budget's boost

VCs join together to welcome investment tax changes

A GROUP OF venture capitalists have described Budget plans to aid start-up investment as a “massive boost”.

In a letter to the Daily Telegraph, the group including: Sir Ronald Cohen of Portland Trust; Hermann Hauser of Amadeus Capital Partners; and Balderton Capital partner Dharmash Mistry (pictured above), said help for startups was to be applauded.

“Increasing tax relief to 30% and extending the scope of the Enterprise Investment Scheme for risk capital investments will be a massive boost for start-ups, and will help entrepreneurs to secure finance to get their ideas off the ground,” the letter stated.

“These changes are a shot in the arm for enterprise.”

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