AiR

October 2016 saw the release of the latest EIS statistics by HMRC, with the most recent information regarding the 2014/15 fundraising season. They revealed that, to 2014/15, 24,620 individual companies had received investment, and almost £14.2 billion of funds had been raised since EIS was introduced. 3,265 companies (narrowly missing the record number of companies raising money which was 3315 in 2000/01, during the dot com boom), raised a record total of slightly over £1.86 billion, £225 million or 14% higher than the previous year of 2013/14. The record amount raised has been attributed to pensions becoming more restrictive for… continue reading