This will come as exciting news to industry leaders as as it confirms that the EIS and SEIS continue drive vital investment into small and early-stage businesses.
Both investors and entrepreneurs have reacted to the news and shared their thoughts with GBI Magazine.
Fuchsia Curry, Head of Private Client Marketing at EIS fund manager Deepbridge Capital, said: “The Enterprise Investment Scheme is a core driver of economic growth in the UK, key to supporting early-stage companies and innovators. The UK is home to some of the best tech and life sciences startups and scale-ups on the planet, so it is great to see record funding being made available to such enterprises.
“For investors, research has shown that there is a compelling investment rationale for including venture capital within diversified portfolios. In addition, going forward, with inflation causing increasing numbers of individuals to become higher rate tax payers and the CGT annual allowance reducing, there will be even greater need for investors and financial advisers to utilise EIS as a tax planning tool.”
Kealan Doyle, CEO at Symvan Capital said: “Above all, these latest numbers show the tremendous resilience of the EIS and SEIS markets. Most investments have had a torrid time over the past 18 months, so it is a sign of the maturity of the market that inflow to growth can continue strongly even during troubled times. I was recently at Consensus in Austin, Texas (i.e. the largest blockchain and Web 3.0 conference globally) and the severe decline in early stage investing was all too apparent, making the UK numbers look even more striking.”
Click here to read the full articlee on IFAMagazine.com