Oral QuestionDepartment for Energy Security and Net Zero

If he will make a statement on his departmental responsibilities.

Tabled: 12 September 2024Answered: 8 October 2024

Asked by

Sir John Whittingdale

ConservativeMaldon

Answering Minister

the Secretary of State for Energy Security and Net Zero

Answer from Hansard

The Economic Secretary to the Treasury (Rachel Blake)

At the Budget, the Government announced a comprehensive package of entrepreneurship tax measures, designed to provide substantially enhanced support for scaling businesses across the UK. That includes doubling the maximum amount that a company can raise through the enterprise investment scheme and the venture capital trust scheme. Overall, the changes to those schemes are forecast to generate about £100 million per year of additional investment in high-growth, scaling companies, thanks to the increased scheme limits in the Budget.