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

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

Venture capital schemes such as Enterprise Investment Schemes… “have helped to create the UK’s world-leading start-up ecosystem”, notes CBI (Confederation of British Industry)’s new scale-up playbook: Growth Engines. Growth Engines identifies barriers businesses are facing when scaling, and outlines recommendations the government and business can work together on at pace, to unblock them. The playbook highlights Creo Medical as a successful case study where the tax support from EIS “proved vital for raising investment”, helping to de-risk investments in the company. You can read the full playbook, including further information on their case study, recommendations regarding pro-innovation regulation, unleashing investment, and harnessing our national assets, at the link below 👇 https://lnkd.in/eH9sCs2T #GrowthEngines Kapila Perera

Entrepreneurs, have your opinion on Capital Gains Tax heard in Parliament 👇 The Startup Coalition's survey on Capital Gains Tax, in conjunction with Beauhurst, will be presented to the Chancellor’s team in the Treasury, before proposed changes to CGT are made. The survey aims to measure how you would react to changes to CGT and what your thoughts are regarding how to best incentivise entrepreneurs in the UK. This is where you can make a difference before the Autumn Budget (where the proposals to equalise Capital Gains Tax with Income Tax may be on the agenda). The survey takes 5-10 minutes to complete. You can access it here: https://lnkd.in/e3b6F6di

Applications are now open for the EIS Association’s Regulatory Committee. The Committee focusses on understanding how the financial services regulatory landscape, including the FCA’s rules, impact the EIS/ SEIS industry. It uses that understanding to lobby for change and/or to provide guidance to members on EIS/ SEIS specific implications. Are you a lawyer or consultant familiar both with financial services regulation and the different ways in which regulated activities are used in the EIS/ SEIS ecosystem, or an individual who works within EIS/ SEIS firms (fund managers, corporate finance, advisers, custodians, etc.) and has a role involving, or a keen interest in, financial services regulation? If the answer is yes, and you're interested in joining the committee, please find more information at the link below ⬇️ https://lnkd.in/eeN4pzg3 Please note, the deadline for applications is 6pm on Friday 18 October 2024. If you’re not a member and would be interested in applying, please get in touch with us.

Sheffield was a great way to round off this week of Ready, Steady, Grow events! We were delighted to see so many hands go up when Olivia Wing asked who hadn’t heard of the EIS/SEIS before the event. Thank you to our speakers, Thomas Clayton, Adrian Hackett, Jeffrey Faustin, Calum Kamara, Sunny Nagi and Luke W.. Another thank you to our sponsors who made the event possible British Business Bank, Charles Stanley , Jenson Funding Partners - Certified B Corp, Par Equity, and especially to our hosts Freeths. If you didn't know, we have been travelling the UK, spreading awareness about the Enterprise Investment Scheme to entrepreneurs, investors, advisers and more. Seeing the fantastic connections and learning amongst the attendees has been incredible, and we can wait to continue the events in Cardiff and Bristol next week, followed by Cambridge, Belfast and Oxford! If you would like to join us, please register your space here: https://lnkd.in/ebzdNyqr See you there! #Sheffield #EIS #EnterpriseInvestmentScheme

We’re pleased to welcome Deloitte as the newest member of the Enterprise Investment Scheme Association! Deloitte, a British multinational professional services network, provides audit and assurance, consulting, tax and related services for their clients. Deloitte aims to be more than their offerings — they “exist to make an impact that matters” — committed to growing opportunity for people and societies around the world. (https://lnkd.in/gbxXC6DF) As a member of the EISA, Deloitte will now have access to our member benefits, including regulatory updates, event tickets and opportunities to spotlight their mission. You can learn more about becoming a member at the link below 👇 https://lnkd.in/gE5Gxws8 Gordon Rowell

This week, we've been to Edinburgh and Newcastle for Ready, Steady, Grow... today, we're in Sheffield - will you be joining us? We've visited many cities across the UK so far, spreading awareness about the EIS and facilitating connections amongst the local startup ecosystems. You can enjoy some highlights from the last two events below! We'll be releasing the full galleries on Friday, and if you joined us at the event you will be sent them personally by our team. Thank you to our Edinburgh speakers Jill Arnold CA, Donne Burrows, Fraser Lusty, Paul Munn, Jen Paton and Tom Wilde, and to our Newcastle speakers Paul Christian, Shaun Fooy, Robert Jones, Rick McCordall and Gordon Rowell. Another big thank you to our Edinburgh sponsors British Business Bank, Charles Stanley , Eos, Equity Gap, Par Equity and Shoosmiths, and our Newcastle sponsors British Business Bank, Deloitte, Symvan Capital and Ward Hadaway. A final, huge thank you to Shoosmiths for hosting us in Edinburgh and Newcastle University for hosting us in Newcastle - onto Freeths in Sheffield! If you haven't yet booked your space for Sheffield, or any of our upcoming cities, please do so here: https://lnkd.in/ebzdNyqr #EnterpriseInvestmentScheme #SeedEnterpriseInvestmentScheme #EIS #SEIS

We are delighted to announce that the EISA Autumn Technical Seminar will take place on Tuesday, 12th November. The event will be kindly hosted by BDO UK LLP. 🙌 Attendees will experience an agenda of important talks, including updates from EISA’s Tax & Technical and Regulatory Committees. Please note that this event is for EISA Full Corporate and EISA Corporate Delegate Members only who have been sent a personal invitation. If you’re not a member and you would like to attend, please get in touch here 👇 https://lnkd.in/eCcZ7RGk

The photos from Birmingham’s Ready, Steady, Grow! are now available - are you joining us next week in Edinburgh, Newcastle or Sheffield? 👇 https://lnkd.in/eKxtgV_q Thank you to everyone who attended from the local start-up ecosystem and beyond — it was a brilliant event. Another thank you to our speakers, Harry Bell CFP™, Jeffrey Faustin, Clare Houghton Dip CII, Daniel Merritt, Tracy Sherratt BB Cert and Tom Wilde. And of course, a big thank you to our sponsors who made the event possible: British Business Bank | Charles Stanley  | Jenson Funding Partners - Certified B Corp | Shoosmiths Next we’ll be visiting Edinburgh, Newcastle and Sheffield (plus many other spots across the UK, too). Check the map for our full list of events, and register for a city near you ⬇️ https://lnkd.in/ebzdNyqr?