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  • Stephen Sacks

Growth strategy on hold due to ‘administrative oversight!’


A £20bn scheme announced by the Chancellor Philip Hammond in the autumn budget has been delayed as the Treasury awaits clearance from the EU.

The scheme aims to double the amount of cash knowledge based companies can raise from investors from £5m to £10m under tax incentive schemes.

However they have cleared a separate scheme aimed at encouraging the recruitment of new recruits called the Management Incentive Scheme which allows 3 year share options worth up to £250k.

Funding Nav can help structure the most efficient funding structure so call to discuss.

#tax #incentive #EU #treasury

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