Funding for EIS and SEIS tax reliefs hits £2.1bn
The number of companies applying to use tax reliefs such as the enterprise investment scheme to attract investors has risen slightly in the last 12 months with over £2.1bn in funding approved as investors look to maximise returns.
In 2017-18, 3,920 companies raised a total of £1,929m of funds under the enterprise investment scheme (EIS) scheme. This was an increase of £28m from 2016-17, when 3,655 companies raised £1,901m, according to the latest HMRC figures, although these are preliminary figures and may be adjusted upwards.
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