£340m Budget Boost for Chancellor proposed through Enterprise Investment Scheme
- On March 3, 2021
- By GrowthInvest Marketing
The Enterprise Investment Scheme Association (EISA) is presenting the opportunity for the Chancellor to attract £340m from private investors to support the country’s growing businesses by making some changes to the EIS (Enterprise Investment Scheme) terms in the coming Budget.
The challenging economic situation during 2019 and 2020 has seen a 30% year-on-year reduction of the number of investments in EIS eligible companies, amounting to £341m.
Two key recommendations are proposed by the EISA to reignite private investors’ appetite to back the country’s future winning businesses through the scheme: an increase in the investment limit in the Seed Enterprise Investment Scheme from £150k to £250k; and a change in the eligibility of businesses able to use the schemes from ‘age of the business’ to ‘size of the business’.
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