Investors to get £100m tax boost

Chancellor George Osborne is today set to offer £100m of new income and capital gains tax breaks to those investing in fast growing technology and manufacturing firms. The government plans to expand the Enterprise Investment Scheme (EIS) by increasing the rate of tax relief available from 20 per cent to 30 per cent and doubling the annual investor limit to £1m. The measure, first announced in March’s Budget, has been given approval by the European Commission, the Treasury said last night.