Seed Enterprise Investment Scheme (SEIS)

EIS Funding for UK Small Businesses Hit a Record £1.5bn Last Year

EIS Funding for UK Small Businesses Hit a Record £1.5bn Last Year

Britain’s small businesses secured a staggering £1.5bn through the Enterprise Investment Scheme (EIS) from 2013 to 2014 – up 48% from the year before – a new report from Radius Equity has found. 2,770 businesses raised funding through the government’s tax relief scheme, the highest number in 15 years and a 12% increase from the 2012 to 2013 figure. The Seed Enterprise Investment Scheme (SEIS), which is focused on start-ups, also experienced an increase both in the number of numbers raising investment via the scheme and the investment raised. The number of start-ups using SEIS went up by 75% to 2,030 in 2013 to 2014 and the amount of finance raised increased from £86.1m to £166m. Radius Equity director, Gary Robins, commented: “EIS is becoming an increasingly valuable source of capital, esp... »