Calculus CEO John Glencross featured in the Sunday Times

Calculus Capital CEO John Glencross, alongside 11 other business and political leaders, has signed an open letter which has been published in the Sunday Times. The letter warns of the risks of making too many changes to EIS rules as part of the Patient Capital Review. The results of the review, and any changes, are expected to be announced in next month’s Budget.

“Britain’s failure to give sufficient funding support to growing businesses means many fall prey to opportunistic foreign corporations or find their promise unfulfilled. The government’s Patient Capital Review is a welcome attempt to address the problem. We are, however, deeply concerned that as a result of the review, extensive new restrictions are being considered to the Enterprise Investment Scheme (EIS). EIS has proved vital to many of those the prime minister celebrated in her recent party conference speech”

The twelve leaders who signed the letter, including a number of members of the House of Lords and Calculus CEO Glencross:

> Lord Howard Flight
> Lord Michael Grade
> Lord Peter Hain
> Lord David Blunkett
> Mark Brownridge, director general of enterprise investment scheme Association
> Emma Jones MBE (for services to Enterprise), founder of Enterprise Nation and SME representative for Crown Commercial Service
> Anne Glover CBE, chief executive of Amadeus Capital
> Dr. Mike Bandar MBE, serial entrepreneur and angel investor
> Keith Lassman, partner at Howard Kennedy
> Roger Blears, senior partner at RW Blears LLP
> John Glencross, chief executive, Calculus Capital
> Gillian Roche-Saunders, partner, Bates Wells Braithwaite

To read the article in full, please click here