BVCA response to the Budget 2017
Commenting after the Chancellor’s Spring Budget, Tim Hames, Director General of the BVCA, said: “With the continued uncertainty surrounding the impact of Brexit on the economy and other international factors, the Chancellor was right to retain rather than spend the proceeds of stronger than expected economic growth in the year ahead. Within the confines of an essentially neutral Budget, therefore, the BVCA welcomes his announcements that will soften the impact of business rates revaluation, supports his pledge to reduce the administrative burdens of the R&D Tax Credit system, endorses the £270 million investment for new technologies and the £250 million to develop high-skilled research talent, including STEM skills, as well as welcoming his emphasis on transforming vocational education through the forthcoming T-Levels.”
Notes to editor
- The British Private Equity & Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 600 member firms, representing the vast majority of UK-based private equity and venture capital firms and advisers.
