We are delighted to confirm a record year of Enterprise Investment Scheme (EIS) fundraising, with £29.4 million deployed across 37 growth companies. This represents an increase from 2019/20 and 2018/19 in which £21 million and £28 million were deployed respectively.
Ian Warwick, Managing Partner at Deepbridge commented
“Twelve months ago the world was an uncertain place and we didn’t know what to expect from the 2020/21 tax year. We are, therefore, particularly delighted to report a record year of EIS fundraising, with almost £30m of equity funding having been provided to 37 highly innovative technology and life sciences companies."
“The Enterprise Investment Scheme offers UK investors world-leading tax incentives in return for supporting growth-focused early-stage companies, which is currently relevant as such companies are likely to be at the heart of economic recovery over the coming months and years. Our record level of EIS fundraising is down to the ongoing backing of our amazing community of financial advisers and private investors, as well as remarkable work by the Deepbridge team. We thank everyone for their continued support.”
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