In a letter sent to MPs including Danny Alexander, Ed Balls, Vince Cable, George Osborne and Chuka Umunna, leading lights from the entrepreneur community have indicated that they would like to see on-going support for high-growth businesses and the founders that set them up.
With the upcoming general election, which the group says “brings uncertainty for UK business”, the group has sought to clarify its preferences for a future administration. Also signing the letter were Tim Hames (director general of the BVCA), Modwenna Rees-Mogg (chief executive at AngelNews) and Jenny Tooth (chief executive at the UK Business Angels Association).
Hot topics such as Entrepreneurs’ Relief, which could be cut or abolished under Labour plans, and the Enterprise Investment Scheme (EIS) were included in the letter. Declaring that Entrepreneurs’ Relief is not a “loophole for the super-rich”, the business leaders urged an acknowledgement of “scale-up” businesses.
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