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