In the tax year 2021-22 4 480 companies raised a total of £2 305m of funds under the enterprise investment scheme (EIS). This is the highest number of companies and total amount raised since the scheme was introduced. Funding has increased by 39% from 2020-21 when 3 765 companies raised £1 662m.
Latest figures from HMRC show that money invested in 2021-22 rose to a level higher than before the downturn during the height of the Covid-19 pandemic in 2020-21. Around £584m of investment was raised by 1 755 new EIS companies in 2021-22. Companies from the information and communication sector accounted for £785 million of investment - 34% of all investment. Companies registered in London and the South East accounted for the largest proportion of investment (65%) raising £1 489m.
Funding in the seed enterprise investment scheme (SEIS) is at the highest level since...
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