"Rachel Reeves, the Chancellor, stated she was 'backing business with a more active state' and emphasized that the measures would help wealth creators access critical finance for their success."
"Katrina Young criticized the policy, noting that the expanded EIS, VCT, and EMI reliefs target companies with gross assets up to £120 million, excluding many small firms that employ a large portion of the workforce."
The government introduced a £100 million package to stimulate private investment for entrepreneurs and start-ups. Changes include expanded eligibility for the Enterprise Management Incentives scheme and increased funding limits for the Enterprise Investment Scheme and Venture Capital Trusts. Despite these measures, business leaders expressed concerns that established small firms are overlooked. Critics highlighted the disparity between the new funding and the £25 billion raised from increased National Insurance contributions, which negatively impacts many small businesses. Data indicates that a significant majority of firms anticipate adverse effects from the National Insurance rise.
Read at Business Matters
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