HM Revenue & Customs (HMRC) provides insightful information on the number of companies raising funds, the number of subscriptions and the amounts raised through the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).
Here are the key points extracted from the EIS and SEIS report that was published last month:
Enterprise Investment Scheme
· Since the Enterprise Investment Scheme (EIS) was launched in 1993-94, 29,770 companies have received investment and over £20 billion of funds have been raised.
· In 2017-18, 3,920 companies raised a total of £1,929 million of funds under the EIS scheme. This is an increase from 2016-17, when 3,655 companies raised £1,901 million.
· In 2017-18, a total of £759 million of investment was raised by the 1,710 companies raising funds under the EIS scheme for the first time.
· In 2017-18, companies from the Information and Communication sector accounted for £641 million of investment (33% of all EIS investment).
· London and the South East accounted for the largest proportion of investment with companies registered in these regions receiving £1,283 million (67% of all EIS investment) in 2017-18.
Seed Enterprise Investment Scheme
- · Since the Seed Enterprise Investment Scheme (SEIS) was launched in 2012-13, 12,900 companies have received investment and over £1 billion of funds have been raised.
- · In 2017-18, 2,320 companies raised a total of £189 million of funds under the SIES scheme. This compares with 2016-17 when 2,425 companies raised £187 million.
- · Over 1,700 of the companies were raising funds under the SEIS scheme for the first time in 2017-18, representing £159 million of investment.
- · In 2017-18, companies from the Information and Communication sector accounted for £69 million (37% of all SEIS investment).
- · London and the South East accounted for the largest proportion of investment, with companies registered in these regions receiving £117 million (67% of SEIS investment) in 2017-18.
While companies have a period of several years after shares are issued to submit a compliance statement (the EIS1, SEIS1 and SITR1 forms), the majority of these returns are made within three years. Therefore, the figures in this release, and particularly for 2017-18, are likely to be revised in future due to applications that have not yet been received or advance assurance applications received in 2018-19 that require further processing.
The next release is planned to be in Spring 2020. HMRC Official and National Statistics can be found on the gov.uk website: