HC Deb 30 November 1993 vol 233 c937

I also intend to create a new type of investment, a venture capital trust, which will channel savings specifically into unquoted trading companies. Investors will receive dividends and capital gains entirely free of tax. By investing through a trust, they will also be able to spread their risk across a number of different companies. My hon. Friend the Financial Secretary will shortly be issuing a consultation paper fleshing out the details.