Budget 2017: Plans for share options welcomed

As a company in the process of raising funding to bring an innovative new marine wind turbine to market, Dare Technology sees the budget as being a step in the right direction.

Disappointed that no income tax relief has been allowed to early-stage companies granting share options to its employees, Dare Technology finance director Martin Carr said he welcomed news that this is forthcoming in budget 2018.

“We look forward to receiving further details on this. This type of relief would be hugely beneficial in helping a startup company such as ours to attract skilled staff while also keeping costs down,” said Mr Carr.