§ The new enterprise investment scheme is now in place, offering tax relief for investment in unquoted trading companies. Over 40 per cent. of the schemes set up so far involve so-called business angels, who want to invest their expertise, as well as their money, in a small, growing business.
That is a good start, but the scheme has some complex rules and I have decided to simplify them. I am also extending capital gains tax reinvestment relief to the enterprise investment scheme, which should increase greatly its attractiveness.