Background to Venture Capital Schemes: similarities and differences of the venture capital schemes
What the five schemes covered in this manual share is an aim of encouraging investment in a certain type of company. The precise definition of the type of company covered varies only slightly from scheme to scheme.
In the case of EIS, SEIS, CVS and SLR, reliefs are available only for investment in shares which meet certain requirements (broadly ordinary shares) in such companies. Under the VCT scheme reliefs are available for investment in similarly qualifying shares of the VCT, while the VCT can make its own investments partly in shares other than eligible shares or loan stock or loans.
In the case of EIS, SEIS and the VCT scheme, reliefs are available to individuals - and, as respects EIS deferral relief only, certain trustees.
In the case of CVS, reliefs were available only to companies in respect of investments made on or before 31 March 2010.