Clause 56 - Community investment tax relief

Part of Finance Bill – in a Public Bill Committee at 10:15 am on 23 May 2002.

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Photo of Mark Hoban Mark Hoban Conservative, Fareham 10:15, 23 May 2002

There was an announcement in the Financial Times last week or the previous week that indicated that the Treasury had

invested £20 million alongside a further £20 million from the venture capital sector, including Apax which is chaired by Sir Ronald Cohen. Is that funding intended to go into a CDFI, or is it additional funding?