UK: Record Money Flows Into EIS and SEIS
HMRC have released their latest stats on the Enterprise Investment Scheme (EIS) and the SEIS. Mark Brownridge, Director General of the Enterprise Investment Scheme Association (EISA), commented on the latest fundraising data:
“The latest EIS and SEIS fundraising data from HMRC shows money flowing into the schemes continues to rise and break new records. More than £1.8bn was invested in EIS in 2014-15 and £175m in SEIS, both exceeding previous years and maintaining the upward trajectory in fundraising that has been a trend of the past few years.
“Since EIS was created in 1994, almost 25,000 companies have now received investment through the scheme, totalling £14.2bn. This is a fantastic figure that speaks of the success of the scheme in helping UK businesses to grow and succeed, while providing UK taxpayers with thousands of attractive tax-efficient investment opportunities. It is win-win for both and the wider economy too.”
