Enterprise Investment Scheme Association (EISA)

The extension to the sunset clause on the Enterprise Investment Scheme (EIS) to 2035 has now been officially confirmed. HMRC Treasury has confirmed the extension of the Enterprise Investment Scheme relief and Venture Capital Trusts relief to shares issued before 6 April 2035. An extension to the clause was announced last November and passed through parliament in the Finance Act 2024 in February. Yesterday was confirmed as the appointed day that the extension came into force: “3rd September 2024 is appointed as the day on which section 11 (extension of enterprise investment scheme relief and venture capital trusts relief to shares issued before 6 April 2035) of the Finance Act 2024 comes into force.” Our thanks to the Tax and Technical committee chaired by Philip Hare, the EISA Board and all EISA members who have worked so hard with us to confirm this extension. Thank you also to partner organisations who have worked with us on this, including The Association of Investment Companies (AIC), British Private Equity & Venture Capital Association (BVCA), Enterprise Nation, The Entrepreneurs Network, Startup Coalition, UK Business Angels Association, Venture Capital Trust Association (VCTA) among many others. Read more here: https://lnkd.in/eW_aRhZc

In November, we are holding our annual Autumn Technical Seminar at BDO in London.   Following the Budget announcement yesterday, our speakers will be covering its impact, as well as updates relevant to all in the UK startup ecosystem.   The event will give you information you need to stay up to date on the EIS, SEIS and more.   We will be hearing from the following speakers, with more to be announced...   💡David Brookes, BDO 💡Gillian Roche-Saunders, Adempi Associates LLP 💡Christiana Stewart-Lockhart, Enterprise Investment Scheme Association (EISA)   Tickets are complimentary for EISA members, including Full Corporate, Entrepreneur and IFA members. Register here: https://lnkd.in/dnhTx7Gb   If you are not an EISA member, and you would like to join, please get in touch.   #Budget #EIS 

The Enterprise Investment Scheme was mentioned in today's budget announced by Rt Hon Rachel Reeves. "As a sign of this government's commitment to supporting growth and entrepreneurship, we have already extended the Enterprise Investment Scheme and the Venture Capital Trust schemes to 2035, and we will continue to work with leading entrepreneurs and venture capital firms to ensure that our policies support a positive environment for entrepreneurship in the UK." It was encouraging to see the government emphasise the importance of the scheme, and its part in the United Kingdom's growth. In November, we will be holding our Autumn Technical Seminar, where our committees will discuss the impact of the budget and more. If you would like to attend the event, our members can do so here: https://lnkd.in/dnhTx7Gb

In just one week, on Tuesday, 5th November, we will be in Cambridge for the next stop on the Ready, Steady, Grow series! The event will feature a series of short talks followed by networking over canapes. You'll broaden your understanding of the Enterprise Investment Scheme, what investors look for and more, alongside many networking opportunities. Guests will range from founders, investors, advisers and more across the startup ecosystem. If you would like to join us, you can register for a free space at this CPD accredited event here: https://lnkd.in/eHWZfchV We are delighted to announce the speakers for the event, including… Kealan Doyle, Symvan Capital Jan Fachot, PEM Jeffrey Faustin, Jenson Ventures - Certified B Corp John Kahn, Mills & Reeve Zickie Lim, Mills & Reeve Eloise Morgan, Paragon Brokers Sunil Shah, o2h Ventures Paul Sullivan, British Business Bank See you there! #EntreprenuerEvent #EIS #SEIS

We’re pleased to welcome Mishcon de Reya LLP as the newest member of the Enterprise Investment Scheme Association! Mishcon de Reya is a Law Practice with offices in London, Cambridge, Oxford, Singapore and Hong Kong, servicing an international community of clients. They employ more than 1450 people with over 650 lawyers, offering a wide range of legal services to companies and individuals both in the UK and internationally. The work they undertake is cross-border, multi-jurisdictional and complex. As a member of EISA they become contributors to our expert forum, gain access to exclusive events and receive the opportunity to network with other members throughout the year. You can learn more about EISA membership here👇 https://lnkd.in/gE5Gxws8

The fourth annual Nations and Regions Tracker from British Business Bank was released last week. It presents an analysis that highlights geographic patterns observed in UK small business finance. Key points include 👇 📈 External finance use among smaller businesses recovered in 2023 across most UK Nations and regions, reaching 46% from 36% the year before. Usage rates were highest in Wales (53%) and only the East of England saw no positive change 🇬🇧 Geographical differences were driven by variations in businesses’ willingness to use finance 🏴󠁧󠁢󠁷󠁬󠁳󠁿 Wales is the top nation for external finance use, with 53% of Welsh smaller businesses reporting using finance in 2023 📉 Demand for loans & overdrafts from major banks remained subdued in 2023, but the rate of decline had eased across all UK Nations and regions You can read the full report here: https://lnkd.in/dFFK6JJU

This week, our Community Development Manager Olivia Wing headed down to Exeter to give a keynote at the Tech South West SW Investment Summit. She shared information about the schemes, including data on the use of the S/EIS in the South West, from a recent report we created with Beauhurst. The data included some positive figures, including... 📈 A great increase in the South West for jobs and turnover generated from 2014 to 2023 by EIS backed businesses 📈 A rise in value of EIS funds in the South West raised between 2013-14 and 2022-23 Thanks for having us, Ben Cooper, Dan Pritchard, Laura Bond and the Tech South West team! #EIS #SouthWest

We are delighted to be holding our Christmas Networking Event again this year for our members across the EIS ecosystem. At this event, kindly hosted by Evelyn Partners at their office near St. Paul's Cathedral, the EIS Association and its members will come together for drinks and connections. If you’re an EISA Full Corporate or Delegate Member, you are entitled to a complimentary ticket. Claim your ticket at the link below ⬇️ https://lnkd.in/gbHrjYye If you’re not a member, please get in touch with us if you’d like to attend.

🚨 Only three dates left in the calendar for our UK tour of local startup ecosystems for Ready Steady Grow! 2024. The events feature a series of short talks from local experts around the EIS, followed by networking over canapes to connect entrepreneurs, investors, advisers and more. They are also CISI CPD accredited, and free to attend! Want to join us for one of the last three stops? 📅 Tuesday, 5th November 2024 📍 Mills & Reeve, Cambridge Tickets: https://lnkd.in/eHWZfchV 📅 Wednesday, 6th November 2024 📍 Ormeau Labs, Belfast Tickets: https://lnkd.in/eCVYptTS 📅 Tuesday, 26th November 2024 📍 Saïd Business School, University of Oxford, Oxford Tickets: https://lnkd.in/eJNptfNW We can't wait to see you there! Thank you to our sponsors for the upcoming Ready, Steady, Grow events, British Business Bank, Charles Stanley , Jenson Funding Partners - Certified B Corp, Mills & Reeve, Oxford Capital , o2h Ventures, Paragon Brokers, PEM, Raise Ventures, and Symvan Capital.

This week, we were in Cardiff and Bristol as part of our Ready, Steady, Grow! event series! We welcomed fantastic speakers, including Harry Bell CFP™, Cathy Bryant, Jeffrey Faustin, Richard Flemmings, Dr. Jill Jones, Adam Lawrence, Adam Marques-Quint, Marco Oliver, Jessica Phillips-Harris, Edward Tellwright and Sophie Webber. There were talks on the 'Dos and Don'ts' of S/EIS, founders sharing their experiences raising investment through the schemes, and Olivia Wing chairing panels with investors and a wealth manager. These events are CISI CPD accredited, and brought together the local startup ecosystems to learn and connect. A big thank you to our sponsors, British Business Bank, Charles Stanley , Jenson Funding Partners - Certified B Corp, RW Blears, and our wonderful hosts Michelmores and Tramshed Tech. We're looking forward to visiting the final three cities in our UK-wide tour soon, Cambridge, Belfast and finally Oxford! If you would like to join us, get your free space soon as there aren't many remaining. You can register here: https://lnkd.in/ebzdNyqr See you there! #EIS #EnterpriseInvestmentScheme