§ Mr. HobanTo 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.