The current position is that companies that generate renewable energy can claim reliefs from more than one government department.
With the exception of community energy generating companies, those substantially benefiting from government support for the generation of renewal energy will be excluded from also benefiting from tax-advantaged venture capital schemes.
The government have also announced that it will be launching a new electronic process in 2016 to make it easier for qualifying investors and companies to use the venture capital schemes.
The changes mean that companies will no longer be able to give relief under venture capital schemes to their investors. Among others, this will affect renewable energy funds which used venture capital structures for their investors.