SCHEDULES

SCHEDULE 5Enterprise investment scheme

General requirements

10

1

Section 174 (the purpose of the issue requirement) is amended as follows.

2

The existing text becomes subsection (1).

3

In that subsection, after “activity” insert “ so as to promote business growth and development ”.

4

After that subsection insert—

2

For this purpose “business growth and development” means the growth and development of—

a

if the issuing company is a single company, the business of that company, and

b

if the issuing company is a parent company, what would be the business of the group if the activities of the group companies taken together were regarded as one business.