To ask Mr Chancellor of the Exchequer, what proportion of life science companies reach their annual and lifetime fundraising limits with the Enterprise Innovation Scheme and Venture Capital Trusts; and if he will publish a comparison with other sectors.
Answered on
15 September 2017
HM Revenue and Customs does not currently collect such detailed information on the total amount of tax-advantaged investments received by life science companies using the Enterprise Investment Scheme and Venture Capital Trusts scheme.All available data related to the Enterprise Investment Scheme and Venture Capital Trusts are available in the annual Enterprise Investment Scheme and Seed Enterprise Investment Scheme Statistics (https://www.gov.uk/government/statistics/enterprise-investment-scheme-and-seed-enterprise-investment-scheme-statistics-october-2016) and the Venture Capital Trusts Statistics (https://www.gov.uk/government/collections/venture-capital-trusts-statistics) publications.