A new EIS Association guide is hoping to get ‘under the bonnet’ of Enterprise Investment Scheme.
It sets out to explain how the Enterprise Investment Scheme works and its many benefits to investors, and the small companies it funds has been created.
The guide is called EIS: Under the Bonnet and follows the path of an EIS investment, from the initial sourcing of funds from UK tax-paying investors, through the different stages of the investment’s life cycle, to the point when investments are exited.
Director General of the EIS Association Mark Brownridge said: “We’ve published this guide because EIS investing is becoming more popular and the investor demographic is broadening to encompass a wider range of people, some of whom may be less familiar with this exciting and rewarding area of UK equity investing.
“By helping to educate investors and their advisers about what to expect from EIS investing, we hope to provide interesting and practical insights into the sector and to raise awareness of the scheme so that more investors can benefit from it.”
The guide has been produced in conjunction with four sponsors: law firm Shoosmiths, investment manager Par Equity, fund administrator Mainspring Fund Services and research consultancy Hardman.
Tom Wilde, Tax Partner and EIS Specialist for Shoosmiths LLP said: “This guide provides clear and concise advice on investing via the EIS, enabling investors to fully understand what they can expect when they have done so. We have seen increasing growth in the number and scale of EIS investments being made, often for much needed technological innovations that offer wide reaching benefits to multiple sectors such as health, technology and education, so we are pleased to help promote further the great work that EIS and SEIS funding can do.”
The guide can be downloaded from the EIS Association here.
