Written questions, answers and statements

Enterprise Investment Scheme and Seed Enterprise Investment Scheme

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Question for HM Treasury

UIN 111582, tabled on 6 November 2017

Question

Kit Malthouse
Conservative
North West Hampshire
Commons

To ask Mr Chancellor of the Exchequer, whether his Department has assessed the effectiveness of the (a) Enterprise Investment Scheme and (b) Seed Enterprise Investment Scheme.

Answer

Mel Stride
Conservative
Central Devon
Commons

Answered on

16 November 2017

HM Revenue and Customs have previously commissioned studies into the use and impact of the Enterprise Investment Scheme (EIS). These were published in April 2008 and February 2016 respectively. Details can be found at:

2008 study: http://www.employment-studies.co.uk/resource/study-impact-enterprise-investment-scheme-eis-and-venture-capital-trusts-vct-company

2016 study: https://www.ipsos.com/ipsos-mori/en-uk/use-and-impact-venture-capital-schemes

Seed EIS, introduced in 2012, was not included in the studies. Both these reliefs are currently being considered as part of the Patient Capital Review, the consultation for which was published in August.

Answered by

Treasury