Business incentives

Venture capital schemes

It is proposed that the amount invested on which an investor can claim Enterprise Investment Scheme income tax relief in any one year will be increased from £400,000 to £500,000. From 6 April 2008 companies whose trade consists of shipbuilding, coal and steel production will no longer qualify.

Enterprise management incentives (EMI)

On or after the date the Finance Bill 2008 receives Royal Assent EMIs will be limited to qualifying companies with fewer than 250 employees; and companies involved in shipbuilding, coal and steel production will no longer qualify for EMI. In respect of options granted on or after 6 April 2008 the individual employee limit on grants of EMI qualifying options increases from £100,000 to £120,000.