The Business Expansion Scheme (Substitution of Permitted Maximum Amount) Order 1990
This Order, with effect from 1st May 1990, increases from £500,000 to £750,000 the amount which may be raised through the Business Expansion Scheme by the issue of eligible shares in the period of six months ending with the date of issue of the shares or since the previous 6th April, whichever is longer. The increase in the BES limit applies to share issues made by companies carrying on most qualifying trades, research and development or oil exploration. (Different limits apply to companies operating or chartering certain ships and to companies providing private rented housing, which are not affected by this Order.)