Money invested through EIS bounces back in 2021-22

25 May 2023

Issue: 4890 / Categories: News

In the tax year 2021-22 4 480 companies raised a total of £2 305m of funds under the enterprise investment scheme (EIS). This is the highest number of companies and total amount raised since the scheme was introduced. Funding has increased by 39% from 2020-21 when 3 765 companies raised £1 662m.

Latest figures from HMRC show that money invested in 2021-22 rose to a level higher than before the downturn during the height of the Covid-19 pandemic in 2020-21. Around £584m of investment was raised by 1 755 new EIS companies in 2021-22. Companies from the information and communication sector accounted for £785 million of investment - 34% of all investment. Companies registered in London and the South East accounted for the largest proportion of investment (65%) raising £1 489m.

Funding in the seed enterprise investment scheme (SEIS) is at the highest level since the...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.