§ Mr. Warrenasked the Chancellor of the Exchequer if he will consider a tax credit system available to individuals and companies to encourage investment in research and development businesses applying high technology to processes and products.
§ Mr. RidleyIncome tax relief for investment by individuals in certain new and expanding corporate trades is already available under provisions introduced in 1981 — the business start-up scheme — and substantially widened in scope this year into the new business expansion scheme. This scheme would certainly be available for investment in qualifying companies engaged in research and development in high technology activities.