Funds & ETFs 

VCTs and EIS banned from investing in renewables

Venture capital trusts (VCTs), enterprise investment schemes (EIS) and seed EIS (SEIS) will no longer be able to invest in renewable energy schemes such as anaerobic digestion and hydroelectric power. In Wednesday's Autumn Statement the government said that all community energy generation undertaken by qualifying organisations will be eligible for social investment tax relief from 6 April 2015, but after this VCT, EIS and SEIS will not be able to invest in them. All other companies benefiting substantially from subsidies for the generation of renewable energy will also be excluded from receiving EIS, SEIS and VCT investment from that date.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now