Philip Salter, Founder of The Entrepreneurs Network, a leading think tank representing startups, wrote a piece discussing the Autumn Statement and the impact that measures are likely to have for entrepreneurs and innovators in the UK.
As part of his article, Philip mentioned the Risk Readiness Report, which we produced in association with The Entrepreneurs Network. The report surveyed 500 business founders to better understand their attitudes to risk, the ongoing pressures of starting, running and selling a business, and the support they need to survive and thrive.
His piece referred to several announcements, including that the Government:
- is making full expensing permanent;
- will accept the recommendations of the Independent Review of Spin-out Companies; and
- has extended the sunset clause to 2035 for the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs).
Philip wrote: "With Brexit, the pandemic and crippling energy prices, the last few years have been incredibly tough for entrepreneurs. As our recent Risk Readiness Report with Mishcon de Reya showed, a significant proportion of entrepreneurs (39%) believe the overall level of risk in the business environment is higher now than it was 12 months ago, and the same proportion (39%) think the level of risk will only increase in the coming year."
Read the piece now.
Download our report