The Enterprise Investment Scheme (EIS)
EIS was designed to boost economic growth in the UK by promoting new enterprise and entrepreneurship.
Now the Enterprise Investment Scheme has become one of the most revered government-backed schemes ever created.
HMRC found record levels of investment through the schemes with 4,480 companies raising a total of £2,305 million of funds under the EIS scheme. This is the highest number of companies and total amount raised since the scheme was introduced. Funding has increased by 39% from 2020 to 2021, the previous year, when 3,765 companies raised £1,662 million.
Investment in 2021 to 2022 saw a significant rebound post–pandemic to a level higher than we saw prior to the downturn during the height of the Covid–19 pandemic in 2020 to 2021. Around £584 million of investment was raised by 1,755 new EIS companies in 2021 to 2022.