Oral QuestionTreasury

What assessment she has made of the potential impact of reducing upfront Venture Capital Trust (VCT) Income Tax relief on VCT fundraising.

Tabled: 17 June 2026Answered: 23 June 2026

Asked by

Alan Mak

ConservativeHavant

Answering Minister

the Chancellor of the Exchequer

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.