SCHEDULE 11 Venture Capital Schemes
Finance Act 2008 (2008 c 9) | Legislation

SCHEDULE 11 Venture Capital Schemes

Section 32

Corporate Venturing Scheme

1

Part 3 of Schedule 15 to FA 2000 (CVS: the issuing company) is amended as follows.

2

In paragraph 26 (excluded activities)—

(a)     in sub-paragraph (1), after paragraph (h) insert—

“(ha)     shipbuilding;

(hb)     producing coal;

(hc)     producing steel;â€, and

(b)     in sub-paragraph (2), after the entry relating to paragraph 30 insert—

“paragraph 30A (shipbuilding);

paragraph 30B (producing coal);

paragraph 30C (producing steel);â€.

3

After paragraph 30 insert—

“Excluded activities: shipbuilding
30A

In paragraph 26(1)(ha) “shipbuilding†has the same meaning as in the Framework on state aid to shipbuilding (2003/C 317/06), published in the Official Journal on 30 December 2003.

Excluded activities: producing coal
30B

(1)     This paragraph supplements paragraph 26(1)(hb).

(2)     “Coal†has the meaning given by Article 2 of Council

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