Excluded activities: producing steel
ITA07/S192(1)(ic), S196C; ITA07/S303(1)(ic), S307C
Steel production is an excluded activity in relation to the EIS and SEIS.
For the VCT scheme, steel production is an excluded activity for all investments made on or after 6 April 2018.
However, VCT holdings acquired before 6 April 2018 using certain ‘protected monies’ – holdings acquired using monies raised, or derived from monies raised, by the VCT before 6 April 2008 – are not subject to this exclusion (see VCM55020).
The transport or warehousing of steel, and the manufacture of finished products from steel, are not excluded activities.