As TEN director Philip Salter writes in his Forbes column this week, the one thing that stands out from this year’s Budget is the Chancellor’s relentless commitment towards supporting UK entrepreneurs.
What we have, he writes, is a government obsessed with “innovation” and “growth”. The Budget contains details on more incubators, the introduction of an apprenticeship voucher – and, even more positively, the removal of the requirement that 70 per cent of the funds raised through SEIS must have been spent before EIS or Venture Capital Trust funding can be raised.
Octopus Ventures’ George Whitehead told TEN that such measures will “sustain the very strong entrepreneurial environment” that has been built in Britain. Now, the country just has to weather the inevitable political uncertainties in the run up to and after May’s General Election.