The Autumn Budget 2017: What could be in it for raising business finance?

26 September 2017

The Autumn Budget will take place on Wednesday 22 November 2017 and will be the second Budget of the year.

Therefore, it is unlikely that there will be any major changes.

However, there are rumours that there may be some tightening of the Enterprise Investment Scheme (EIS) as it was put under review earlier this year.

EIS is designed to help smaller, higher-risk companies raise finance by offering tax relief on new shares in those companies that qualify.

For the investor, they can benefit from up to 30% tax relief on these investments and a capital gains tax emption after three years with further tax relief in the event of a loss. Under EIS each individual investor is allowed to invest up to £1 million per year.

Of course, this is just early speculation at this stage and we will have to wait and see if there are any changes made.

We will be keeping a close eye on the announcements and any wider impacts to business finance and borrowing so that we can continue to find competitive finance for our clients.

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This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.