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HMRC published an interesting piece of research into EIS and VCTs in February. The use and impact of venture capital schemes details the results of research carried out by Ipsos MORI in August 2014. Interviews were conducted with 628 investee companies, 546 investors and five VCT fund managers (there’s no explanation for why EIS managers weren’t interviewed by the way). Problems with the Seven Year Age Limit We think that the results indicate that the new seven year age limit on investee companies will have a detrimental economic impact (in line with what the angel and venture capital community have… continue reading