Schedule 14 - Enterprise management incentives: amendments
Finance Bill
12:15 pm
Miss Melanie Johnson (Economic Secretary, HM Treasury; Welwyn Hatfield, Labour)
We considered that. We believe that that is the right figure and targets the right range of companies. Indeed, we believe that that will lead to the right outcome in terms of risk. We welcome the support of the Institute of Directors on the matter, which said:
``We welcome the increase in the limit on the value of shares under option to £3m, the removal of the limit on the number of participating employees and the removal of the ``key'' employees requirement.''
The limit represents a 100 per cent. increase, which no one can dispute is significant, and gives much greater scope for employees to benefit from the growth of their company.