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On 28 October 2026, UK Chancellor of the Exchequer John Healey announced a number of startup support measures in the Budget, including "Founders' Relief," a capital gains tax relief aimed at founders and significant early-stage investors. According to Tech.eu, Healey also raised the tax-free allowance for new startups from £1,000 to £3,000, and announced a new allowance for young founders covering one year's living costs, while the British Business Bank's investment in the fund for women-led businesses will double to £200m. On AI-related infrastructure, Healey proposed a "data centre covenant," requiring data centres to meet conditions such as investing in local communities, creating jobs and protecting local water sources in exchange for grid connections. Currently, these budget measures are reported by Tech.eu as a single source, with no subsequent factual developments yet.
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Oct 28
Tech.eu
UK Budget introduces "Founders' Relief" and other measures to encourage entrepreneurs
UK Chancellor of the Exchequer John Healey has introduced "Founders' Relief," a capital gains tax relief aimed at founders and significant early-stage investors, in the Budget, and has raised the tax-free income allowance for startups from £1,000 to £3,000. The government also announced a new allowance for young founders covering one year's living costs, and the British Business Bank's investment in the women-led enterprise fund will double to £200m. On AI, Healey proposed a "data centre covenant," requiring data centres to meet strict conditions such as investing in local communities, creating jobs and protecting local water sources in exchange for grid connections.