I shall be brief, unless members of the Committee want to dwell in detail on any of these measures. Government amendments Nos. 166 to 174 concern paragraphs 9 to 11 to schedule 16 and are designed to bring two improvements that will benefit companies seeking to raise finance under the enterprise investment scheme, the corporate venturing scheme and the venture capital trust scheme.

Government amendments Nos. 159 to 164 attempt to achieve the same thing in relation to the enterprise management incentives legislation. They provide first for the transfer of relevant intangible assets within a corporate group structure to newly incorporated subsidiaries, thus providing a greater flexibility for the venture capital schemes. Clause 60 makes the equivalent changes to the enterprise management incentives legislation. The changes have been welcomed by the Enterprise Investment Scheme Association—Opposition Members will be familiar with its chairman, who is doing a good job—and respond to a good dialogue that we have with the sector in recent months.

We have also had good discussions with interest groups that have raised further technical points, so we have tabled amendments to ensure that some technical changes to the legislation mean that it achieves its objectives. I commend these amendments to the Committee.