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EIS influx will leave providers ’empty handed’

Enterprise investment schemes will struggle to raise funds following an influx of providers in the market, according to tax specialist Martin Churchill.

Tax Efficient Review editor Churchill says the number of EIS providers more than doubled from 15 to 35 in 2011/12 and the total number of EIS available to retail investors has reached 53.

Churchill says: “There are 53 EIS offers currently and they cannot all raise money as there is not that amount of interest.

“A lot of these offers are from providers new to the EIS space with no relevant track record.”

Recent EIS launches include Great Point Media’s Select Television Broadcast EIS, WH Ireland’s UK EIS Growth Fund 2013, and Ridley Scott’s UK production company Scott Free Films and Orchard Media’s movie EIS.

Experts say the Government could look to boost VCTs and EIS in the Budget in a package of support for small businesses.



Lords urge Govt to boost equity release

An influential House of Lords select committee is pressing the Government to boost equity release after a senior Treasury official warned the current market suffers from “quite considerable” failures. The House of Lords select committee on public service and demographic change has today published a report on the challenges an ageing population presents to policymakers, […]


Ian McKenna: Providing advice in a permanently connected world

The RDR and auto-enrolment have consumed the vast majority of resource and thinking across our industry for the past five years. So much so that as an industry I believe we have failed to adapt as well as we might to some of the wider changes in society, including the advent of a permanently “connected” […]


Ed Miliband calls for regional banking system

Labour leader Ed Miliband is calling for the creation of a regional banking system to boost lending to small firms. Speaking to the British Chambers of Commerce today, Miliband said he wants a series of local banks with an obligation to boost the local economy, similar to the German system. Miliband also called for tough […]


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