Enterprise Investment Scheme

Treasury written question – answered on 22nd February 2019.

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Photo of Cat Smith Cat Smith Shadow Minister for Voter Engagement and Youth Affairs, Shadow Deputy Leader of the House of Commons

To ask the Chancellor of the Exchequer, whether community benefit societies are eligible for the enterprise investment scheme.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

Community Benefit Societies are eligible to receive investments under the Enterprise Investment Scheme (EIS), subject to meeting all the EIS rules. The rules include a requirement for the company to trade commercially with a view to profit, including where the company intends to use its profits to benefit the community.

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