Question to the HM Treasury:

To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 25 April (HL3766), when they sought permission from the EU to extend the sunset clause for enterprise investment schemes and venture capital trust schemes.

The government’s engagement with the EU Commission on the extension of the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) sunset clauses is ongoing.

The government believes the schemes continue to be consistent with subsidy control principles and address an evidenced market failure.