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Written Question
Seed Enterprise Investment Scheme
Tuesday 23rd February 2016

Asked by: Chris White (Conservative - Warwick and Leamington)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many businesses accessed the Seed Enterprise Investment Scheme (SEIS) in 2014-15; what the cost of SEIS was to his Department in that year; and what the return on investment was for the economy as a result of the SEIS.

Answered by David Gauke

The Seed Enterprise Investment Scheme (SEIS) is forecast to cost the Exchequer £180m in 2014-15. Outturn figures for 2014-15 are not yet available. Updated figures on the cost of the relief will be published in December 2016.

The first official statistics on the number of companies raising funds, number of subscriptions, and amounts raised for Seed Enterprise Investment Schemes for 2014-15 will be published in April 2016.

No results have been published on the return on investment from the SEIS.

Written Question
Video Games: Tax Allowances
Tuesday 26th January 2016

Asked by: Chris White (Conservative - Warwick and Leamington)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many businesses benefited from video games tax relief in 2014-15; what the cost of that relief was to his Department in that year; and what the return on investment was for the economy as a result of that relief.

Answered by David Gauke

Video Games Tax Relief is forecast to cost the Exchequer £10m in 2014-15. The first Official Statistics on the number of claims and cost of Video Games Tax Relief will be published in Summer 2016, allowing sufficient time for claims to have been submitted for the 2014-15 tax year. No estimate of the benefit for the economy as a whole is available.


The forecast has been certified by the independent Office for Budget Responsibility and is consistent with their latest forecast of Corporation Tax receipts.

Written Question
Research and Development Tax Credit
Wednesday 13th January 2016

Asked by: Chris White (Conservative - Warwick and Leamington)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many businesses benefited from R&D tax credits in 2014-15; what the cost of R&D tax credits was to his Department in that year; and what the return on investment was of R&D tax credit expenditure for his Department.

Answered by David Gauke

R&D tax credit statistics are published by HMRC each September, so the final figures for 2014-15 won’t be available until September 2016.

HMRC’s latest statistics for 2013-14 show that there were 20,100 claims to R&D tax credits in that year, and that the scheme cost £1.75bn.


In March 2015, HMRC published an evaluation of R&D tax credits. This evaluation estimates that for every pound spent by the government onR&Dtax credits, between £1.53 and £2.35 is additionally spent onR&Dby UK companies.


Speech in Commons Chamber - Wed 09 Dec 2015
Oral Answers to Questions

"9. What plans he has to improve co-operation between Government Departments on the use of digital technology...."
Chris White - View Speech

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Speech in Commons Chamber - Wed 09 Dec 2015
Oral Answers to Questions

"The social value portal is an innovative way to provide advice and insight for communities, public bodies and business about the best way to achieve social value. Will the Minister outline how his Department is encouraging other Departments to take advantage of digital initiatives, such as the social value portal, …..."
Chris White - View Speech

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Speech in Commons Chamber - Wed 09 Dec 2015
Oral Answers to Questions

"T1. If he will make a statement on his departmental responsibilities...."
Chris White - View Speech

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Speech in Commons Chamber - Wed 09 Dec 2015
Oral Answers to Questions

"Will the Minister outline the steps that the Government are taking to promote social enterprise, which is one of the fastest growing sectors in the economy?..."
Chris White - View Speech

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Speech in Commons Chamber - Thu 04 Jun 2015
The Economy

"Thank you, Mr Speaker—not least for putting me higher up the list than you intended to yesterday.

I congratulate my hon. Friend the Member for Bexhill and Battle (Huw Merriman) on a fabulous maiden speech. I hope that, like me, he will grow to cherish the double-barrelled nature of his …..."
Chris White - View Speech

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Speech in Commons Chamber - Thu 04 Jun 2015
The Economy

"I will give way to my near neighbour...."
Chris White - View Speech

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Speech in Commons Chamber - Thu 04 Jun 2015
The Economy

"I welcome it very much. I also recognise that the hon. Gentleman and I share a university. The students live largely in my constituency, but the University of Warwick is based in his. It is celebrating its 50th anniversary this year.

The Royal Academy of Engineering has reported that the …..."
Chris White - View Speech

View all Chris White (Con - Warwick and Leamington) contributions to the debate on: The Economy