Deepbridge Capital responds to the Finance Bill receiving Royal Assent yesterday

16 March 2018

Below is a comment from Deepbridge Capital, the tax-efficient investment manager, responding to the fact the Finance Bill received Royal Assent yesterday – the Bill includes a range of measures refocusing the use of Enterprise Investment Schemes (EIS).

Andrew Aldridge, Partner, Head of Marketing at Deepbridge Capital, said:

“Royal Assent rubber-stamps the positive EIS message that the Chancellor reported in the November Budget and follows up on the consultation announced in this week’s Spring Statement.  Philip Hammond’s support for EIS was unequivocal, as long as it is used appropriately.  Supporting ‘knowledge intensive’ companies is now a key focus, with a particular focus on innovation and job creation.  As an investment manager that utilises EIS to almost solely support ‘Knowledge Intensive’ companies, Deepbridge welcomes any move by the Government to further support the digital, tech and life sciences economies.”