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.
£340m Budget boost for Chancellor proposed through Enterprise Investment Scheme
- On February 18, 2021
- By GrowthInvest Marketing
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
• 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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