Update: Woodford calls for Patient Capital tax wrapper to boost small business investment

Speaking earlier this week at the House of Lords' science and technology committee hearing, the founding partner of Woodford Investment Management said there is evidence to suggest that many mass affluent investors would invest in early-stage businesses over the long term if they had the appropriate incentives to do so. A spokesperson for Woodford IM said the creation of a new tax wrapper could offer structural tax incentives that would encourage the flow of private savings towards institutional investors and then on to young businesses that need it. Woodford Patient Capital trust app...