Exchequer Secretary to the Treasury, David Gauke, has met with members of the venture capital and angel investor community at an event here in Cambridge.
With the economy experiencing strong growth, the Exchequer Secretary was keen to hear from active investors and find out how the reliefs have incentivised them to invest in start ups.
David Gauke said:
“It’s been a good opportunity to meet with those actively helping small businesses to get off the ground, and to hear how the government’s tax reliefs have incentivised this, as well as hearing how our reliefs have allowed businesses to grow, achieve and exceed their goals.”
Exact Director Arthur Kemp says “it’s great to see the Treasury team here on our doorstep promoting the various reliefs available to businesses. Capital Allowances in which we specialise are one type of relief which tax paying property owners can benefit from. Legislated for in 2001, but around since 1878, it is probably one of the oldest too!”