Investors were divided on chancellor Philip Hammond’s changes to the Enterprise Investment Scheme (EIS), with the naysayers criticising it for failing to tackle potential market abuse and others optimistic that it will provide greater incentive to aid fledgling businesses.
A long-term strategy for the asset management industry was among the raft of measures announced in Wednesday’s budget, alongside news of slowing growth, slashed Stamp Duty and an extra £3bn in the Brexit pot.
An enterprise investment scheme dubbed ‘PlayFund’ has been launched offering investors the chance to tap into the mobile gaming industry specifically.
Firms offering venture capital trusts and enterprise investment schemes could be among the main beneficiaries of George Osborne’s expected pension tax changes, according to two surveys.
Sarah Wadham, director general of the Enterprise Investment Scheme Association, reveals what wealth managers need to know about the risks, attractions and benefits of EIS in 2015 following the Summer Budget.
Specialist technology investor Mercia Fund Management is targeting an annual growth rate of up to 50% with a hybrid vehicle investing in innovative digital companies.
Managers of clean energy-focused Enterprise Investment Schemes (EIS) will be forced to revamp their portfolios amid new rules to restrict companies benefiting from government support under Renewable Obligations Certificates (ROCs).
The ban on promoting Ucis schemes introduced by the FCA earlier this week has gone by without so much as one man protesting outside the FCA’s headquarters holding a ‘Paint slogan here’ placard.
Enterprise investment schemes, venture capital trusts and ETFs are among the fund structures exempt from the FCA’s ban on the marketing of Unregulated Collective Investment Schemes (Ucis) to retail investors, much to the relief of industry experts.
Piers Denne argues that while the FSA may be right in having its spotlight firmly on Ucis propositions, it is wrong to tar all such strategies with the same unfavourable brush.
Funds industry veteran Ken Edwards has joined Enterprise Investment Scheme (EIS) specialist Calculus Capital as a non-executive director
Thanks to changes in last week’s Budget, Enterprise Investment Schemes are able to invest in larger companies than the traditional start-ups that, not without risk, bring investment and tax breaks to both sides.
