BVCA Budget 2013 Response

Responding to George Osborne's Budget, Mark Florman, Chief Executive of the BVCA, said:

"In the challenging economic circumstances which the Chancellor outlined, measures to support enterprise are more important than ever. I therefore welcome the measures announced to boost the SEIS scheme, to offer CGT relief on employee share ownership, the abolition of stamp duty on shares traded on AIM and other growth markets, the implementation of key sections of the Heseltine review, action on apprenticeships and the further cut in corporation tax. I am particularly delighted to see the introduction of tax relief on private investment in social enterprises and that, as the BVCA recommended, the Treasury is now committed to making changes to limited partnerships 'to more effectively accommodate their use for private equity investments'. All of these initiatives will advance the long-term prospects for the British economy."

For a more detailed response please use this link.

Notes to editor