Tax-advantaged venture capital schemes: ensuring continued support for small and growing businesses

The government announced at Budget 2014 that it would run a consultation and evidence gathering exercise to understand the impact of the recent reforms and expansions of the tax-advantaged venture capital schemes. The consultation also considers some possible changes to the schemes, including options to accommodate the use of convertible loans within the schemes, and a more principled approach to the exclusion of very low-risk investment opportunities.