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Thought Leadership
Let’s not be shy here. EIS has been a great success in funding growth companies and creating jobs. Since inception
in 1993/94 £14 billion has been raised, and recent years have seen an acceleration. The latest data from the HMRC
demonstrates this:
EIS has also been a big hit with investors. Recent years have seen a sharp uptick in the number of subscriptions with more
than 135,000 being made in 2014/15, the latest tax year for which HMRC has published. Clearly, increasing restrictions
on high income earners making provision for their pension is one of the drivers, as is the growing evidence that EIS can
deliver very satisfactory returns. These suggest a bright future for advisers that understand the field well.
EIS Subscriptions: Number
14,000
0
1993 2015
Source: HMRC, Hardman & Co
1800
Funds rasied through EIS £m
0
1993 2015
All companies raising funds
Source: HMRC, Ipsos MORI, Hardman & Co
EIS Yearbook 2016/17
13