News

The Enterprise Investment Scheme Association (“EISA”) is pleased to have this opportunity to
comment on the Venture Capital Schemes Manual guidance on the proposed ‘risk-to-capital
condition’. This submission is being made by the Tax and Technical Committee of the EISA on behalf of its board and members.

Changes to EIS prompts trade body EISA to release new risk guide for financial planners

The Enterprise Investment Scheme has, since its inception, raised a total of £16.2bn for over 26,000 small and medium-sized enterprises. By allowing companies to raise up to £5m a year – capped at a total of £12m in a company’s lifetime – the EIS has emerged as a vital platform of growth-finance for the UK’s start-up and scale-up entities.

Below are some key points with our commentary alongside:

In 2016-17, 3,470 companies raised a total of £1.797 billion of funds under the EIS scheme. In 2015-16, 3,545 companies raised £1.954 billion of funds. 2,260 companies received investment through the Seed Enterprise Investment Scheme (SEIS) and £175 million of funds were raised, down from 2,405 and £182 million in 2015-16.

We are excited to tell you that the EIS Association is launching a new membership programme specifically aimed at Financial Planners and Regulated Advisers. And its FREE!

The fourth edition of ZeitgEISt, giving you news, opinion and thought leadership from within the EIS and SEIS industry.