Chancellor’s statement welcomed by EIS Association as great news for the UK’s entrepreneurs
- On September 28, 2022
- By GrowthInvest Marketing
The Enterprise Investment Scheme Association (EISA) has welcomed the announcement by the Chancellor in his mini budget that the Enterprise Investment Scheme (EIS) is to be extended beyond the current 2025 deadline, and that that limits on investments in the Seed Enterprise Investment Scheme (SEIS) are to be raised.
The announcement responds to the calls from the EISA to confirm the extension of EIS beyond 2025, a critical commitment which will give crucial confidence to entrepreneurs and investors in the UK as a time of so much economic uncertainty.
The EIS and SEIS have accounted for more that £27 billion of private sector investment in more than 52,000 of the country’s brightest businesses since its inception and is seen as a major factor in the UK’s “unbounded entrepreneurial drive”.
Director General of the EISA, Christiana Stewart-Lockhart said, “The announcement from the Chancellor this morning is excellent news for entrepreneurs. The EIS is crucial to helping some of the country’s most promising start ups secure much needed investment to grow, contributing both to employment and to the country’s economic wellbeing. It is fantastic to see the Chancellor’s commitment to make ‘this a nation of entrepreneurs.’ His announcements today clearly outline that the Government sees entrepreneurs playing a central role in the UK’s economic recovery.”
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