BVCA Statement on the Pre-Budget Report 2006
15.00 - 06 December, 2006
BVCA Chief Executive Peter Linthwaite said:
"It will take time for our tax and regulatory experts to go through the fine detail of the Chancellor's statement but at this stage there is nothing obviously worrying in what he had to say today."
"We welcome the strong emphasis on the continuing need to improve the UK's competitiveness and the flexibility of the workforce and economy."
"We welcome the publication of former Chairman of the BVCA Sir David Cooksey's review on science and innovation and the establishment of an ECF for green and renewable technologies."
"The Chancellor is right to emphasise the increasingly important role of science, innovation, investment and entrepreneurship and we welcome the focus on funding for research for schools and universities. This area is of great interest to the BVCA and its members and we recently published a report on how to improve spin-outs from universities."
"We look forward to continuing the dialogue with the Chancellor about how we keep London and the UK as the centre of the European private equity and venture capital industry"
For more information, please contact Mark Fox - Director of Communication on 07880-820 453.
