The BVCA today welcomed the news that the European Commission has granted State Aid clearance for the Government's proposed changes to the EIS and VCT schemes. These changes will help more companies to raise the finance that they need to invest and grow.
Subject to the Finance Bill receiving Royal Assent, for investments made after 5 April 2012 the following changes will take effect:
• An increase in the maximum annual amount that can be invested in an individual company to £5m;
• An increase in the employee limit to include companies with fewer than 250 employees; and
• An increase in the size threshold of gross assets to no more than £15 million before investment and £16m immediately after.