Enterprise Investment Scheme

And I'm trying not to make more EIS investments.

I think the EIS, the Enterprise Investment Scheme, is a really good scheme for backing entrepreneurs in the UK.

Yeah.

But, and I've made a good portfolio on the whole, but they take at least 10 years to become-

Thanks Matt and yes, hello everyone and welcome to this month's episode in our TEI series.

Today we're going to be diving into the topic of EIS, talking about why it remains so vital for the UK investment landscape and what increased limits mean for founders and investors.

We'll also be touching on EIS tax reliefs and asking where it fits into a diversified portfolio.

I'm delighted to say that joining us for this month's special TEI episode is someone who knows a great deal about EIS.

And that's Christiana Stewart-Lockhart, Director General at the EIS Association.

Christiana, thank you so much for coming on the podcast.

Would you mind starting off by telling our listeners a little bit about you and

your

So

CIS and EIS, the Seed Enterprise Investment Scheme and the Enterprise Investment Scheme, were set up 32 years ago with the sole purpose of supporting small businesses, small to medium-sized enterprises in the UK by sharing the risk.

So they share the risk by HMRC giving you tax incentives to invest through EIS.

And that means that angel investors can get up to, they'll get a rebate of 50% of income tax paid, 30% income tax paid for SEIS and EIS.

Absolutely.

So for angels, and, and again, James, you may have had guests who've spoken about this before, a very popular tax relief in the UK that continues to be underway is EIS, so Enterprise Investment Scheme.

So this is, as a business, when you're raising investment from angels, they get a ta- the angels get a tax relief.

Great place to look for angels is something called the UK Business Angels Association.

Many people have got their fingers burned on this.

So that was called the EIS, the Enterprise Investment Scheme.

But it was the UK government giving a poorly worded tax break to UK employees.

um and that didn't work out so that's why it wouldn't work from an overseas government you know why would the american government give tax breaks to american citizens from investing in the uk makes makes no logical sense now you know we're fully aware that some people are investing from the isle of man from the cayman islands from uh you know uh BVI and so on.