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Mr. Laws
To ask the Chancellor of the Exchequer what his latest estimate is of the costs of the Corporate Venturing Scheme announced in the March 2000 Budget for each year from 2000–01 to 2005–06; what assessment he has made of the economic effects of this scheme; and if he will make a statement. [130130]
Dawn Primarolo
The estimated cost of tax reliefs for the Corporate Venturing Scheme from 2000–01 to 2002–03 are:
£ million | |
Tax year | Cost of Tax reliefs |
2000–01 | 5 |
2001–021 | 2 |
2002–031 | 1 |
1 Figures for more recent years are subject to revision, as more information becomes available. |