HC Deb 01 March 2002 vol 380 c1573W
Mr. Hoban

To ask the Chancellor of the Exchequer what the cost was of the tax relief granted in respect of corporate venturing; and what assessment he has made of the economic impact on the tax relief for corporate venturing. [38511]

Dawn Primarolo

[holding answer 28 February 2002]: The cost of tax relief for corporate venturing is expected to be about £50 million in a full year. The corporate venturing scheme was only introduced on 1 April 2000. It is too early in the life of the scheme for any reliable economic impact assessment to be undertaken.

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