The Enterprise Investment Scheme Association (EISA), has launched this year’s ‘Ready Steady Grow’ series, a nationwide roadshow designed to drive awareness around EIS across the UK.
A recent report, commissioned by EISA with Beauhurst, highlights the transformative impact of the scheme in the regions. Between 2014 and 2023, EIS-supported companies in the North West of England generated £1.38bn turnover, and £1.7bn in the East of England – creating nearly 30,000 jobs across both regions.
Over the past three decades, the EIS, along with its sister scheme the Seed Enterprise Investment Scheme (SEIS), has facilitated over £32bn in private investment into 56,000 startups across the country, including global success stories such as Deliveroo. The scheme was introduced in 1994 to encourage investment in startups by providing significant tax incentives for investors, making it an attractive option for individuals looking to support early-stage businesses.
Christiana Stewart-Lockhart, Director General of EISA said: “EIS has been instrumental in fostering innovation across a wide range of sectors in the UK. Yet, awareness of the scheme remains low, particularly outside of London. The Ready Steady Grow series is a great way ensuring more people across the UK know about the benefits of the EIS and SEIS for both investors and entrepreneurs. By expanding our reach through these regional events, we aim to ensure everyone is aware of the advantages the EIS and SEIS can offer.”
Joanna Jensen, Chair of EISA said: “Too few early-stage founders and investors are aware of the benefits available to them through EIS and SEIS. Both schemes have supercharged business growth in the UK for the last three decades. These regional events are a great way for us to boost understanding of the scheme outside London and support thousands of ambitious entrepreneurs.”
The Ready Steady Grow series kicks off in Manchester on the 25th of September, with events planned in Birmingham, Cardiff, Edinburgh, Newcastle, Sheffield and other cities across the UK, bringing together industry experts, entrepreneurs and investors. If you would like to attend, you can find further information here: eisa.org.uk/ready-steady-grow/
