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.”