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“The tax relief is really tilted towards outside investors,” Mr Duckworth explained. “Present employees cannot invest and directors aren’t allowed greater than a 30% shareholding.” The aim is to buy small companies installed and operating profitably. Added together, these companies provide a disproportionate quantity of employment when compared to industrial giants and also this is actually a real boost for the local economy. “I am not sure why you have the restriction on directors as so many businesses are run by owner/managers although that is what continues to be decided.”
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