New figures released by HRMC show a 39% year-on-year increase in EIS funding in 2021/22, with total investment through the scheme reaching £2.3bn ($2.8bn) – the highest since the scheme began.
The scheme, which brings together private investors with companies that need funds to scale up operations, supported 4,480 companies in the year, a 19% increase on 2020/21.
Money invested through the Seed Enterprise Investment Scheme (SEIS), which invests in earlier stage start-ups, rose 16%, increasing to a record £205 million, spread across 2,270 companies (another record).
Of these, 80% were raising money for the first time and companies registered in London and the Southeast accounted for 67% of all the SEIS investment.
Since the Enterprise Investment Scheme launched in 1994, 36,145 individual companies have received investment and around £27.9 billion of funds have been raised in total. Whereas, 17,335 companies have raised £1.7 billion under SEIS since its launch in 2012/13.
The number of investors claiming EIS relief rose 15.7% to 45,155, while 9,950 investors claimed SEIS relief, up 4.8%. Across both EIS and SEIS, over half of investors invested less than £10,000.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
