Update: Woodford calls for Patient Capital tax wrapper to boost small business investment

More support needed for UK innovation

Daniel Flynn
clock • 3 min read

Neil Woodford has spoken of the need for a "patient capital ISA" to help incentivise the flow of investment into early stage businesses as he works with the UK government on its Patient Capital Review, announced in this year's Autumn Statement.

Speaking earlier this week at the House of Lords' science and technology committee hearing, the founding partner of Woodford Investment Management said there is evidence to suggest that many mass affluent investors would invest in early-stage businesses over the long term if they had the appropriate incentives to do so. A spokesperson for Woodford IM said the creation of a new tax wrapper could offer structural tax incentives that would encourage the flow of private savings towards institutional investors and then on to young businesses that need it. Woodford Patient Capital trust app...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Content: Join us today: Unlocking portfolio potential

Partner Content: Join us today: Unlocking portfolio potential

Join us for our Podcast Live! discussion with LGIM as we unpick new investment opportunities in the overlooked asset classes powering the energy transition.

Sarka Halas
clock 07 February 2024 • 1 min read
'The recession that did not happen': How investors should be positioned for 2024

'The recession that did not happen': How investors should be positioned for 2024

Wellington co-head of investment strategy

Natasha Brook-Walters
clock 06 February 2024 • 4 min read
Investment Company of the Year Awards Winners Interview - Allianz Technology Trust PLC

Investment Company of the Year Awards Winners Interview - Allianz Technology Trust PLC

clock 05 February 2024 • 3 min read
Trustpilot