Investment: Economic Growth
The question
To ask the Chancellor of the Exchequer, what assessment her Department has made of the impact of (a) Venture Capital Trusts, (b) the Enterprise Investment Scheme, (c) the Seed Enterprise Investment Scheme and (d) the Social Investment Tax Relief on economic growth in the last five fiscal years.
Answered by James Murray
Growth is the central mission of the Government, and investment is a vital part of addressing the growth challenge. The venture capital schemes are a key part of this.
The venture capital schemes were evaluated in 2022, and these evaluations were published on gov.uk. [1] The evaluations found that the schemes were well targeted to address the market failure which makes it difficult for early-stage, high-risk companies to secure the investment they need.
SITR expired in April 2023.
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