Chris Lewis, Chair of the Venture Capital Trust Association (VCTA), has shared his thoughts in response to the Treasury formalising the extension to the sunset clause.
Chris said:
“The extension of the Sunset Clause will be enthusiastically welcomed by VCTA members, the wider VCT & EIS community and entrepreneurs across the UK. Today’s news is the result of continued work across the industry including the VCT Association, the AIC, the BVCA, the EIS Association & Philip Hare & Associates. We thank the Treasury team for their support and for providing this much-needed clarity. The Sunset Clause extension allows VCTs to continue making a positive impact on the most innovative scale-up businesses, as well as the wider UK economy.”
