Subject to State Aid Approval from the EU, the annual investment limit for EIS Income Tax purposes will be increased from £400,000 to £500,000.
The qualifying activities will be further restricted to exclude shipbuilding, and coal and steel production.
The restriction on activities will also apply to the Corporate Venturing Scheme and Venture Capital Trust scheme, although the latter will continue to be able to invest using money invested with them prior to 6 April 2008 (under the so-called “first close, second close” mechanism).
