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Venture capitalists give warm welcome to Budget

The British Venture Capital Association has given a rousing welcome to the Budget which it says has implemented many of its own pre-budget recommendations.


BVCA taxation committee chair Jonathan Clarke says: &#34The BVCA is delighted that the Budget has focused on risk takers with the new Enterprise Management Equity Incentives. This was the key focus of the BVCA&#39s Budget submission statement.&#34


Clarke says that the new incentives will encourage managers in large companies to risk setting up their companies, noting that venture -backed companies increase their staffing levels 60 per cent faster than FTSE Mid-250.

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