Gareth Davies

Gareth Davies

Conservative — Grantham and Bourne

Speaking in the House of Commons on 12 March 2026

Debate

Start-ups and Scale-ups: Access to New Markets

Contribution

I am grateful to the Minister for that answer, but I asked specifically about VCT rate relief. The last time that rate relief was cut, under the last Labour Government, fundraising was cut by two thirds and it took a decade for that to recover in the sector. Specifically on VCT rate relief, which has been cut from 30% to 20%, will he commit to meeting the Venture Capital Trust Association, the industry body, and will he take its concerns to the Chancellor and ask her to reverse course?

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