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The register includes data on 244 investments across single EIS companies, discretionary managed services and EIS funds
going back as far as 1998. The aim is to build a picture of how the market has developed over time, and with this in mind the
register includes historical information on investments that have closed as well as those that are still open to investment.
The overall aim of the investment register and this analysis is to help improve the EIS market and develop
a more mature, open and transparent market that investors can have more confidence in.
When compiling the register we collected information on the type of opportunity available, the sectors
that investments focus on, the minimum investment requirements, the forecast level of returns, the
amount of investment the products are looking for and the strategic focus of the investment.
The information included in this register has been analysed to identify emerging trends within the market.
It does not single out individual products for praise or criticism. The objective is to simply provide an
overall picture of the EIS market to enable investors and advisers to make their own appraisal.
OBJECTIVES
Our aim in compiling the investment register and carrying out the subsequent analysis is to help readers acquire whole-
of-market awareness of the EIS sector. There are many different investment products available through the enterprise
investment scheme, covering a range of investment objectives, structures, manager styles and risk and return profiles.
Gathering as much of the available information together as we can in one place will help advisers develop their understanding
of the opportunities available and decide if EIS investments are right for their clients. The register and analysis aim to:
Provide a snapshot of the market for EIS investing as of Q2 2014
Highlight the different investment opportunities, risks and returns available in the market
Analyse the prominence and growth of the EIS market over time
Look at the growth and evolution of sectors, structures and investment objectives
Analyse how fundraising targets and investment sizes have adapted to investor appetite and the size of the market as a whole
The information included in this register forms the basis of unique analysis on the EIS market. To the best of our
knowledge, data of this kind has not been collected and analysed in this way before and is not available elsewhere.
As this is the first report we have produced and data is relatively restricted, the following analysis looks at cumulative
growth of the EIS market, rather than analysing and comparing statistics year on year. The aim is to analyse the
overall growth and evolution of the EIS market, based on the data available. In some sections more in-depth
analysis focuses on specific years, and this is clearly marked for the reader. Future editions of this report will build
on this analysis, providing year on year comparisons as more information is made available on the market.
DATA COLLECTION
We began the data collection process by assimilating all of the publicly available information, with some
assistance and data from some market participants including Allenbridge Tax Shelter Report, MICAP and
the EISA. We also scraped product provider websites and on-line marketing materials for data.
For stage two of the data collection process, managers and providers were contacted and asked to verify
the details we had on record about their current investment offerings (and provide further supporting
information where required). This initiative was well received by the majority of providers and was
essential to ensure that the information used in our analysis was as accurate as possible.
RATIONALE
The next section of this report takes a look at the current
state of the EIS market based on the data we have been
able to collect and include in our EIS investment register.
