- The government has announced increases to the annual investment limits for companies in Great Britain that raise funds through the Enterprise Investment Scheme (EIS) and Venture Capital Trusts. The fund raising limits for companies based in Northern Ireland (as defined) will not change.
- The changes for companies in Great Britain are as follows:
- The gross assets limit will increase to £30m (from £15m) immediately before the issue of the EIS or VCT shares or securities to £35m (from £16m) immediately after the issue.
- The annual investment limit for Great British companies to raise funds through EIS/VCT funding will increase to £10m (from £5m) and for knowledge-intensive companies to £20m (from £10m).
- The company’s lifetime investment limit will increase to £24m (from £12m) and for knowledge-intensive companies to £40m (from £20m).
- No changes will be made to the annual investment limits for investments made by individuals.
- The rate of income tax relief on VCT investments will reduce from 30% to 20%.
- Timing: The above measures will take effect from 6 April 2026.
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