The EIS scheme provides the UK’s most innovative and progressive start-ups and scaleups with access to long-term equity capital and by doing so benefits the UK economy, creates jobs and supports the growth of businesses across the UK.
However, the coronavirus outbreak means many of these innovative companies, possibly businesses like yours, now face an existential threat and urgent support and equity funding is required to ensure, through no fault of their own, these companies don’t suffer a premature demise.
As the trade body for the EIS/SEIS industry, the EIS Association is in discussion with Government to expand the schemes, including seeking to raise the amount of tax relief available to investors. Having heard reports of equity fundraising dropping by up to 75%, we believe this can act as a stimulus for increased investment of as much as up to £200M.
Therefore, we are collecting evidence to replay to Government to show them affect the current situation is having on small businesses who are actively fundraising or believe they will need to as a result of the crisis.
I would therefore be really grateful if you would complete our short survey, https://www.surveymonkey.co.uk/r/5Z9FXWY, to let us know your experience
Stay safe and many thanks