§ 31. Dr. PalmerTo ask the Chancellor of the Exchequer what responses he has received from business to his plans to introduce tax reliefs for large companies that invest in growing firms to generate new jobs. [121402]
§ Dawn PrimaroloThe Government's proposals for a Corporate Venturing Scheme which provides tax incentives for corporate investment in small higher risk trading companies were subject to two rounds of consultation. Feedback from individual businesses and representative bodies endorsed our view that corporate venturing can offer real benefits to the companies concerned and the UK economy as a whole, commented on the form and detail of the scheme, and welcomed the changes made both in the pre-Budget Report and the Budget, which reflect comments made during consultation.