Revenue Note for Guidance
“business plan” means a written business plan which contains details of product, sales and profitability development, establishing ex-ante financial viability and which includes both quantitative and qualitative details of the activities the investment is sought to support
“expansion risk finance investment” means the issue of eligible shares to fund entering a new product on the market or entering a new geographic market as set out under Paragraph 5 of the General Block Exemption Regulations.
“follow-on risk finance investment” means the issue of eligible shares subsequent to an initial risk finance investment or an expansion risk finance investment, as set out under Paragraph 5 and 6 of the General Block Exemption Regulations.
“initial risk finance investment” means the first issue of eligible shares other than an expansion risk finance investment, as set out under Paragraph 5 and 6 of the General Block Exemption Regulations.
Relevant Date: Finance Act 2021