SCHEDULES

SCHEDULE 11Venture capital schemes

Corporate Venturing Scheme

1

Part 3 of Schedule 15 to FA 2000 (CVS: the issuing company) is amended as follows.

2

In paragraph 26 (excluded activities)—

(a)

in sub-paragraph (1), after paragraph (h) insert—

“(ha)

shipbuilding;

(hb)

producing coal;

(hc)

producing steel;”, and

(b)

in sub-paragraph (2), after the entry relating to paragraph 30 insert—

“paragraph 30A (shipbuilding);

paragraph 30B (producing coal);

paragraph 30C (producing steel);”.

3

After paragraph 30 insert—

“Excluded activities: shipbuilding

30A

In paragraph 26(1)(ha) “shipbuilding” has the same meaning as in the Framework on state aid to shipbuilding (2003/C 317/06), published in the Official Journal on 30 December 2003.

Excluded activities: producing coal

30B

(1)

This paragraph supplements paragraph 26(1)(hb).

(2)

“Coal” has the meaning given by Article 2 of Council Regulation (EC) No. 1407/2002 (state aid to coal industry).

(3)

The production of coal includes the extraction of it.

Excluded activities: producing steel

30C

In paragraph 26(1)(hc) “steel” means any of the steel products listed in Annex 1 to the Guidelines on national regional aid (2006/C 54/08), published in the Official Journal on 4 March 2006.”