Associations make case for more VCT and EIS flexibility

The AIC and EIS Association are calling for greater flexibility for VCTs and EIS in this year's budget.

Both industry representatives stress the importance to the UK economy of making the vehicles more attractive to investors and for these changes to be made quickly. In its submission to the Treasury the AIC is calling for an increase in the size of the company in which a VCT is invested with a view to increasing this level from £7m to £15m. The AIC is also calling for greater flexibility around the 50 employee limit for VCT qualifying companies. Spokesperson Annabel Brodie-Smith says: "VCTs are an established, mature investment vehicle with proven expertise for investing in small co...