Government statistics have revealed the number of companies and amount of funding raised under EIS, SEIS and through Social Investment Tax Relief.
Statistics are only available up to 2015-16 however they reveal that:
- Companies have raised £16.2 billion of investments under the Enterprise Investment Scheme (EIS) since launched in 1993-94.
- 3,370 companies raised £1.93 billion in 2014-15, and so far 3,470 companies have submitted their 2015-16 compliance statements, identifying £1.89 billion of funds raised, with London and the South East accounting for 67%.
- The statistics also reveal that 2,360 companies received £180 million of investments under the Seed EIS (SEIS) in 2015-16, almost exactly mirroring the 2014-15 figures.
- The business services sector accounts for more EIS and SEIS fundraising than any other, though Hi-tech services are also proving popular under SEIS.
- The statistics also show that 25 social enterprises have raised £2.3 million through the Social Investment Tax Relief (SITR) scheme, up from 3 raising £0.5 million in 2014/15.
See a list of all the guides we have to offer on these reliefs in our SEIS & EIS index.
FAQs:
What is the difference between Enterpreneurs' Relief and Investors' Relief? How do they compare to investments in Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS)? See Which relief IR, ER, SEIS or EIS
I am a remittance basis user, what might be best for me? There is also a special relief available for Non-domiciled individuals called Business Investment Relief this allows tax-free remittances for investment purposes.
Links
EIS: Enterprise Investment Scheme
EIS: Enterprise Investment Scheme (Subscriber guide)
