Enterprise Investment Scheme: Energy

HM Treasury written question – answered on 25th April 2017.

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Photo of Ed Vaizey Ed Vaizey Conservative, Wantage

To ask Mr Chancellor of the Exchequer, whether he plans to review the effect of the Enterprise Investment Scheme on energy businesses; and if he will make a statement.

Photo of Jane Ellison Jane Ellison The Financial Secretary to the Treasury

Energy generation is not a qualifying activity for the tax advantaged venture capital schemes, including the Enterprise Investment Scheme (EIS). The purpose of this rule is to ensure that the tax reliefs offered through the schemes are well targeted towards encouraging investment into companies that struggle to access the finance they need to grow. Companies that develop energy generation technology may still qualify for the schemes.

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