EIS Industry Report 2019/20

2 3 CONTENTS INTRODUCTION 01 FOREWORD 04 OPENING STATEMENT 05 REPORT OVERVIEW 06 EXECUTIVE SUMMARY 07 KEY FINDINGS MARKET RESEARCH MARKET UPDATE 09 FUNDRAISING UPDATE 13 SEIS 14 IMPACT OF RULE CHANGES 16 KNOWLEDGE-INTENSIVE COMPANIES 18 CURRENT CONDITIONS 20 SECTOR ANALYSIS 23 MEDIA & ENTERTAINMENT FOCUS 28 RISKS AND DIVERSIFICATION 29 EIS AND PENSIONS 31 AIM AND EIS 32 SEIS AND THE FUTURE 34 DEAL FLOW 38 ADVISER SURVEY ANALYSIS 43 ADVISER ROUNDTABLE 47 INDUSTRY DEBATE 51 EIS SOLUTIONS 54 PROVIDER COMPARISON EIS SOLUTIONS CONSIDERATIONS FOR INVESTMENT CONCLUSIONS 57 REPORT CONCLUSIONS 58 SWOT ANALYSIS 59 APPENDIX 59 LEARNING OBJECTIVES 60 CPD AND FEEDBACK Intelligent Partnership is committed to the very highest professional standards as em- bodied by its accreditation and membership to these industry associations. * Please note: unless otherwise stated, all charts and graphs have been provided by Intelligent Partnership 19/20 FSC ® is a non-profit international organisation established to promote the responsible manage- ment of the world’s forests. Products carrying the FSC ® Mix label are independently certified to ensure consumers that they come from forests that are managed to meet the social, economic and ecological needs of present and future generations, and other controlled sources.