59
FUNDRAISING TARGETS
BY SECTOR
By analysing fundraising targets
by industry sector we can pick out
some further interesting trends.
The Energy sector (the largest EIS sector)
presents a very wide range of opportunities,
which look to raise anything between
£250,000 and £75m. This sector has the
highest average across the market of
£14.67m, which is almost £6m higher than
the next highest sector average. This is
not really surprising due to the size of the
energy sector and the large upfront cost
often associated with energy projects.
Media, General Enterprise and Technology
are the next largest sectors when it comes
to fundraising targets. The smallest
fundraises are seen within the Other
category, which includes Construction
and Sport focused investments. They
are relatively specialist sectors which
are dominated by single company
investments – which have lower
fundraising targets as we have noted.
AVERAGE FUNDRAISING TARGET BY INVESTMENT SECTOR
FUNDRAISING
TARGETS BY
SECTOR (£M):
It is important to note how many investments achieve their fundraising targets.
Providers do not always disclose this information and therefore this only
represents a sample of the market. Based on information provided by 70% of the
market, 60% of opportunities achieved their targets, just over 1% exceeded their
fundraising and the remaining 39% were unable to meet their total targets.
Note here that we are looking at the upper cap on total fundraising. Investments will
have a minimum hurdle for their fundraising, but we were not able to obtain statistically
significant data on the success (or otherwise) of firms meeting minimum investment levels.
PROPORTION OF OPPORTUNITIES ACHIEVING FUNDRAISING TARGET
£14.6m
£6.8m
£7.6m
£8.2m
£7.4m
£5.9m
£4.1m
£2m
£4m
£6m
£8m
£10m
£12m
£14m
£16m
(1998-2014)
(1998-2014)
6.8
4.1
8.2
7.6
7.4
14.6
5.9
