Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of changing the UK VCT rules on the age limit for qualifying companies in line with EU regulations.

The Venture Capital Trust (VCT) Scheme was evaluated in 2022, and these evaluations were published on gov.uk: https://www.gov.uk/government/publications/evaluation-of-venture-capital-schemes.

The evaluations found that the schemes were well targeted to address the market failure which makes it difficult for early-stage, high-risk companies to secure the investment they need.