DEBT FINANCING. Government ups tax breaks for investments in growth companies

LONDON (Reuters) - the Government has increased the tax breaks for investors, the risks in fast-growing small businesses.
The European Commission to increase the pace of the income tax relief available on enterprise investment scheme (EIS) £ 1 million agreed to 30 percent from 20 percent and the doubling of the limits of annual investor, the Finance Ministry said.
The increase was announced in the budget March and will cost more than £ 100 million per year.
The EIS is aimed at high-growth companies and business angels who invest in them. It supports more than 1,800 companies, raising £ 500 million in investments in 2008 / 2009, which last year for the figures are available.



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