Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

New HMRC figures show EIS investment grew 39% in 2021/22

by May 17, 2023
May 17, 2023
New HMRC figures show EIS investment grew 39% in 2021/22

New figures released by HRMC today show a 39% year-on-year increase in EIS funding in 2021/22, with total investment through the scheme reaching £2.3 billion – the highest since the scheme began.

The scheme, which brings together private investors with companies that need funds to scale up operations, supported 4,480 companies in the year, a 19% increase on 2020/21.

Money invested through the Seed Enterprise Investment Scheme (SEIS), which invests in earlier stage start-ups, rose 16%, increasing to a record £205 million, spread across 2,270 companies(another record). Of these, 80% were raising money for the first time and companies registered in London and the Southeast accounted for 67% of all the SEIS investment.

Since the Enterprise Investment Scheme launched in 1994, 36,145 individual companies have received investment and around £27.9 billion of funds have been raised in total. Whereas, 17,335companies have raised £1.7 billion under SEIS since its launch in 2012/13.

The number of investors claiming EIS relief rose 15.7% to 45,155, while 9,950 investors claimed SEIS relief, up 4.8%. Across both EIS and SEIS, over half of investors invested less than £10,000.

Alex Davies, CEO and founder of Wealth Club, comments: “2021/22 was a record year for EIS and SEIS investment and shows that investing in early-stage businesses is becoming increasingly mainstream for wealthier and more sophisticated investors, attracted by generous tax incentives and the potential to invest in the next big thing.

This is great news for the British economy. Start-ups and scale-ups create a disproportionate amount of jobs and economic growth, and record investment into them could help us out of our current economic malaise.

That said, we shouldn’t be resting on our laurels.  These figures are one year behind, and the fundraising climate was much harder in 2022/23 so it’s unlikely these figures will be matched next year. Arguably today, the EIS and SEIS schemes make Britain one of the best places to set up a business. This government and future governments need to refrain from tinkering. The main reason people are funding all these start-ups is tax relief. Mess with it, reduce it and they won’t.”

Read more:
New HMRC figures show EIS investment grew 39% in 2021/22

0
FacebookTwitterGoogle +Pinterest
previous post
Insolvencies drop 15 per cent – but experts warn ‘we’re not out of the woods yet’
next post
Small firms could be entitled to thousands from insurers after Covid payment ruling

You may also like

Formula One World Champion Max Verstappen race suit...

July 19, 2023

Chinese imports falter ahead of Trump’s tariffs as...

March 7, 2025

Budget Giveaways Likely to Be Offset by Record...

February 27, 2024

AI could give your SME a whole floor...

January 11, 2024

Client courting: 3 tactics for building strong business...

July 7, 2023

Tesco to lead the way on supermarket price...

July 17, 2023

Euston turns off giant billboard after commuter backlash...

October 5, 2024

Rural councils compelled to approve more wind and...

August 15, 2024

UK risks exodus of semiconductor firms without an...

February 3, 2023

Newcleo to raise £900m to build fleet of...

March 20, 2023

Formula One World Champion Max Verstappen race suit...

July 19, 2023

Chinese imports falter ahead of Trump’s tariffs as...

March 7, 2025

Budget Giveaways Likely to Be Offset by Record...

February 27, 2024

AI could give your SME a whole floor...

January 11, 2024

Client courting: 3 tactics for building strong business...

July 7, 2023

Tesco to lead the way on supermarket price...

July 17, 2023

Euston turns off giant billboard after commuter backlash...

October 5, 2024

Rural councils compelled to approve more wind and...

August 15, 2024

UK risks exodus of semiconductor firms without an...

February 3, 2023

Newcleo to raise £900m to build fleet of...

March 20, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Kash Patel torches ‘conspiracy theories’ about Bondi feud amid MAGA furor over Epstein files

      July 13, 2025
    • Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey Epstein

      July 12, 2025
    • Bondi says all charges against doctor who allegedly destroyed COVID vaccines have been dropped

      July 12, 2025
    • Meet ‘China’s man in Lima’ who jetted over to US to collect trains donated by Biden admin

      July 12, 2025
    • Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

      July 12, 2025
    • Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025

      July 12, 2025

    Categories

    • Business (8,456)
    • Investing (2,118)
    • Politics (16,018)
    • Stocks (3,205)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved