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Investment in EIS drops in 2022-23

23 May 2024
Issue: 4938 / Categories: News

In 2022-23 4 205 companies raised a total of £1 957m of funds under the enterprise investment scheme (EIS). This is a decrease of 15% from the previous year when 4 455 companies raised £2 297m.

Latest figures from HMRC show that around £436m of investment was raised by 1 280 new EIS companies in 2022-23. In that year companies from the information and communication sector accounted for £660m of investment - 34% of all EIS investment. Companies registered in London and the south east accounted for the largest proportion of investment raising £1 280m (65% of all EIS investment).

Money invested through the seed enterprise investment scheme (SEIS) fell 24% to £157m spread across 1 815 companies. Of these 79% were raising money for the first time and companies registered in London and the south east accounted for the largest proportion...

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