AB17: Scaleup businesses should be focus for economy | KPMG | UK

Autumn Budget 2017: Scaleup businesses should be the focus for economic prosperity

AB17: Scaleup businesses should be focus for economy

Patrick Imbach comments on the Chancellor’s announcement that he is doubling the Enterprise Investment Scheme.

1000

Also on KPMG.com

Patrick Imbach, who leads KPMG’s fast growth practice said of the Chancellor’s Budget today:

“The Chancellor’s announcement that he is doubling the Enterprise Investment Scheme allowance is a positive step in helping early stage businesses attract investment and raise finance. Not only will this help to boost investment in startups, but it potentially plugs a funding gap if the European Investment Fund is no longer available when the UK leaves the EU.

“The Chancellor is right to acknowledge that the UK is becoming an even more fertile ground for new businesses to start up, but the reality is that the scaling up of these businesses is the most difficult and important area to focus on. It is usually at this point where lots of our startup enterprises gravitate to more supportive environments such as the United States.”

                                                           -ENDS-

Follow us on twitter: @kpmguk #AutumnBudget
www.kpmg.com/uk/autumnbudget2017

For further information please contact:
Emma Murray, KPMG corporate communications
T: +44 (0) 20 7694 8812
E: nahidur.rahman@kpmg.co.uk

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
 

Connect with us

 

Request for proposal

 

Submit