Today sees the launch of the Government's new industrial strategy.  Last week Nigel Wilson called for us to put back the Capital into Capitalism and that same (budget) afternoon, Phillip Hammond name checked the "Patient Capital" project that is designed to do just that.

The new strategy for industry aims to tackle weak productivity and support businesses to counter any new problems caused by Brexit. The plans are laid out in the so-called Patient Capital Review, intended to support innovative firms to access the finance that they need to scale up. The review addresses three key areas:

• Unlocking institutional and retail investors' capital
• Increasing the number of venture capital (VC) funds that can deploy patient capital at scale
• Increasing returns to scale-up investments

In our last week's blog on the budget announcement we mentioned the better regulated incentives for EIS as a great step for investors and start-ups. The plan is to extend the investment limits for existing EIS and VCT schemes, targeting the lack of capital availability, particularly at the boundary of the existing EIS and VCT threshold. Get all the details in the full Patient Capital Review, which you can download here.

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