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The Budget: Plenty To Please Investors - Even In Scotland

Investors in small firms will enjoy more income tax relief on Enterprise Investment Schemes.

Geoffrey Thomson, the chief executive of Braveheart Investment Group, said the new EIS rules would provide a big boost to high-growth firms he called "gazelles".

The Chancellor has taken a lead from Scotland and will introduce a co-investment fund for business angels, and he plans to double the limit to £10 million on capital gains that qualify for entrepreneurs' relief.

R&D tax credits will rise to 200 per cent this year and 225 per cent next year.

John Anderson, chief executive of the Entrepreneurial Exchange, said the R&D tax credit increase was "fantastic for pre-revenue businesses". Diarmuid MacDougall, lead R&D partner at PwC, said the R&D relief was "great news". TIGA, the trade association representing the UK games industry, said R&D credits would be worth around £7m to UK games firms.

 

By Erikka Askeland

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