Message from the Chairman
I am proud to have chaired the EIS Association for the last 10 years. I believe it fulfils a much needed role in encouraging private investment into small and growing British companies and fostering the innovative, entrepreneurial spirit that drives private enterprise.
During my tenure, the EIS Association has increased its membership fivefold and can count several successes in enhancements to the Scheme as a result of its representation of the industry. State Aid approval from Europe cemented the EIS’s position as an intrinsic part of the enterprise landscape in the UK.
The EIS is a vital element in the flow of investment funds from the private sector into small companies. The cost to Treasury is more than offset by the employment and tax revenues from employers and employees created by SMEs. The UK leads the venture capital industry in Europe and the relative success of the EIS in providing finance for small companies in Britain is considerably greater than similar schemes in other European territories. This is never more important than in times of economic difficulty where it is small companies which will lead the country out of recession.
We hope to continue our efforts in promoting the EIS and SEIS and increasing its efficacy on all levels into a challenging future.
We are recognised by the Treasury and HMRC as the official trade body for the EIS industry and enjoy a positive and communicative relationship with both entities. We will continue our work to improve and simplify the EIS and SEIS tax regime and look forward to your joining our efforts to promote and encourage this excellent tax efficient scheme.