As far as the spring Budget is concerned, Baldwin said she hopes for a confirmation of the government's previous announcements, including an extension to the sunset clause, which currently ends in 2025, meaning VCT income tax relief for new shares would end on April 6 2025.
In the "mini" Budget last year, former chancellor Kwasi Kwarteng extended the tax reliefs for VCTs and EIS, but these have not yet been formally confirmed.
"It is absolutely vital that the government continues all of this EIS and VCT work for these companies because that is what's powering that early [funding] gap and other economies are going to do that," said Baldwin.
To hear more about the difference between VCTs, EISs, SEISs, their diversification potential, and what to be aware of when investing, click on the link above.
carmen.reichman@ft.com
