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Finance (No. 2) Bill

I entirely accept that. We can look at those compensations and the way in which the provisions tinker about with the actual amount of tax relief and the allowable assets. That tinkering has been brought about to try to engineer a more focused approach to smaller companies and to try to address some of the issues in respect of the risks and rewards. The incentives in that respect have been drastically reduced and there will be a significant reduction in the amount of private equity that will be going into small businesses in relation either to start-up or to development capital. That echoes what we were talking about yesterday afternoon in relation to small businesses. We are looking to try to provide a regime that gives businesses that have been started up the opportunity to move on, so that they become more successful, provide more opportunities in relation to the economy and employment and indeed provide corporation tax. We seem to have situations and regimes that are not connected to each other. The hon. Member for Braintree was talking about the gap between £5 million and £25 million, which may be termed development capital, rather than venture capital. There is certainly a gap there.