Follow-up Questions
RECOMMENDATION F:
CORPORATE VENTURING
INCENTIVE
A progress report on the programme to encourage
corporate venturing, as referred to at para 27 of the response,
would be helpful
Representatives from the Department of Trade
and Industry, Small Business Service, CBI and NatWest have continued
to work together, taking forward a programme of events and activities
aimed at stimulating awareness and understanding of corporate
venturing and offering practical support.
Progress to date includes:
— offering early stage information
and support via the SBS Gateway—information on corporate
venturing has recently been added to the SBS web-site and this
will be updated as proposals develop;
— a series of regional seminars to
promote corporate venturing and offer participants practical advice
from experienced practitioners on how and why to get involved—two
seminars have been held to date and six more are planned between
October 2000 and February 2001;
— offering practical support and advice
through the development of a "How To" Guide—following
input from a team of legal advisers, development of the Guide
is moving forward, with a view to making this document available
by end of December 2000;
— working with the National Business
Angels Network (NBAN) to encourage them to promote corporate venturing
by matching corporate investors with small companies—after
initial discussions, officials are due to meet with the new Executive
Director of NBAN in early October to discuss the way forward;
— seeking large company champions to
help demonstrate the benefits corporate venturing can bring to
larger companies—an important precursor to inculcating a
greater appreciation of corporate venturing into "Board Culture"—two
of the planned regional seminars (in Cambridge and London) are
being designed with large companies in mind. In addition, representatives
from the Small Business Service are currently considering whether
the Whitehall and Industry Group will provide a useful forum for
engaging large companies.
RECOMMENDATION H:
EMPLOYEE SHARE
OWNERSHIP SCHEME
It would be helpful to have a copy of the leaflet
giving employees guidance on benefit entitlement and employee
share ownership
The Inland Revenue has published a leaflet (IR177)
entitled "The All-Employee Share Plan" and your entitlement
to benefits. Copies are enclosed[9]
and are also available on the Inland Revenue's website at www.inlandevenue.gov.uk/shareschemes/ir177.pdf.
RECOMMENDATION Q: CLIMATE
CHANGE LEVY:
ENERGY EFFICIENCY
FUND
It would be helpful to have a copy of the decisions
on the energy efficiency fund referred to as appearing in the
2000 Spending Review
Attached is the text of information, that HM
Treasury will shortly be placing on their website, which details
the decisions made on the Fund. The HM Treasuryn webiste is at
http://www.hm-treasury.gov.uk/.
9 Not printed. Back
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