Pandemic slows enterprise investment scheme outlay in 2020-21

09 May 2022

Issue: 4839 / Categories: News

Money invested through the enterprise investment scheme (EIS) decreased by 12% to £1.658bn in 2020-21. Latest figures from HMRC show that 3 755 companies raised a total of £1 658m of funds under the scheme compared with 4 165 companies raising £1 890m in 2019-20.

As the pandemic hit the UK economy EIS investment in the first three quarters of 2020-21 remained below the level in the same quarters of the previous year. However the last quarter of the tax year shows a rebound back to pre-pandemic levels.

Around £358m of investment was raised by 1 370 new EIS companies in 2020-21. Companies from the information and communication sector accounted for £571m of investment - 34% of all investment. Companies registered in London and the South East accounted for the largest proportion - 65% - of investment raising £1 078m.

The number of...

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.