Do you have any fears that future Government changes could undermine the scheme’s effectiveness?
It would be foolhardy to think that a government won’t change something that is already in place, even a successful scheme such as this. However without any other realistic means of supporting what is becoming an ever larger and more successful component of ‘UK Inc’ and with small businesses becoming the large employers and tax payers of the future, one would hope they simply work to improve the scheme and make it easier for suitable investors to invest in companies and funds that they wish to see grow into successful companies.
If you could influence changes to the schemes, what would you suggest?
I would simply improve access, accountability, reporting and engagement – something our platform is here to solve.
How can EIS investments continue to help diversify client portfolios?
With the improvement of access, we can simplify investing. This in turn enables the investor to diversify their portfolio and manage this all in one place. In the future, we will continue to work with all sides of the marketplace to provide further diversification tools enabling people to create and manage a fully diversified portfolio of alternative investments, all in one place.
Are advisers becoming more receptive to the schemes?
Increasingly so. With our Transparency Initiative we are opening up the market, enabling advisers to make easier, more informed decisions on behalf of their clients. This in turn will support the next generation of fund managers and companies that their clients wish to invest in.
“At CoInvestor we have built a team of creative problem solvers, I enjoy working through these challenges with the team and our clients and solving problems. To see the development of features that clients have requested go live on our platform is rewarding and I get a buzz most from the team I work with and seeing their hard work come to fruition.”
Are clients more savvy about EIS and SEIS nowadays?
Not as much as we would like them to be. The market is still falling short of where it could be, the number of investors participating is still too low compared to what I see as some of the brightest new fund managers and exciting investee companies that are entering the market and looking for investment. Our platform exists to connect this market.
“I think what classifies someone as an entrepreneur is to not have the data available but to still execute based on incomplete information. When you are creating something that didn’t exist before, the evidence may be against you, or simply may not yet even exist yet but you need to drive forward and then evolve and adapt as the evidence comes in.”
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