BVCA calls for more support for entrepreneurs

The British Private Equity and Venture Capital Association urged the British government to pass policies that enable and encourage EIS (Enterprise Investment Scheme) funds, which draw upon commitments from both institutional and retail investors. EIS funds would increase the pool of money available to SMEs and result in larger funds.

Furthermore, the trade body calls for a strengthening of Entrepreneurs Relief (ER) through the abolision the 5% mark for qualified shareholders. The ER scheme also proposes to remove the shareholder employment requirement to incentivise high net worth individuals.

Easing conditions on entrepreneurs could help drive start-ups and innovation in a time of financial turmoil and new regulatory burdens, the association says.

The BVCA also supports the maintenance of the current capital gains tax level and demands more certainty in UK and EU policy making with respect to alternative investments.

Find the full BVCA Budget Submission 2012 here.

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