The Venture Capital Trust Association (VCTA) has submitted written responses to two Parliamentary Select Committee inquiries into the economic landscape, post-COVID-19.
Responding to the BEIS Committee’s inquiry into Post Pandemic Economic Growth, the VCTA submission highlighted the vital role VCTs have played in supporting businesses which may have been ineligible for support through the Government’s Future Fund and CBILS schemes. The submission also raised the potential opportunities to build on the success of the VCT scheme as we approach the end of the Brexit transition period.
Responding to the Treasury Committee inquiry into Tax After Coronavirus, the VCTA highlighted the vital role that tax reliefs play in supporting investment in the country’s leading SMEs, helping to create jobs and stimulate growth in the process.
The submissions can be read in full by clicking the links below.
VCTA submission to BEIS Committee inquiry into Post-Pandemic Economic Growth.
VCTA submission to Treasury Committee inquiry into Tax After Coronavirus.