SEIS and EIS reform was contained within chancellor Philip Hammond’s 2017 Autumn Statement measures aimed at targeting so-called ?tax-motivated investments?.
Venture Capital Trusts (VCTs) have now been in the market for over two decades. These publicly listed, tax efficient vehicles enable individuals to invest in (usually) startups and early stage growth companies. And growing in popularity, we looked at what made it such an appealing option.
Having been set up in the early 1990s, the Enterprise Investment Scheme (EIS) has now helped 22,900 individual businesses secure investment – with the amount raised totalling £12.3bn.
To help increase the supply of growth loans to businesses, chancellor George Osborne's Budget 2015 speech included details of a new pilot to deliver up to £100m of capital to growing businesses.
Fundraising for Venture Capital Trusts have reached their fourth-highest levels since launched in 1995.