Editing Enterprise Investment Scheme (section)

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The '''Enterprise Investment Scheme (EIS)''' is a series of UK tax reliefs launched in 1994 in succession to the Business Expansion Scheme.<ref>{{cite web|title=New business expansion scheme may be too taxing (16 Apr 1994)|url=http://www.heraldscotland.com/news/12676161.New_business_expansion_scheme_may_be_too_taxing/|website=heraldscotland.co.uk|date=16 April 1994 |publisher=The Herald|accessdate=17 January 2017}}</ref><ref>{{Cite web|date=2019-02-27|title=The EIS evolution: How will incoming changes affect investors?|url=https://www.cityam.com/eis-evolution-incoming-changes-affect-investors/|access-date=2020-06-03|website=CityAM|language=en-GB}}</ref> It is designed to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom.<ref name=":0">{{Cite web|last=Thorpe|first=David|date=2018-10-05|title=Investment schemes offer tax relief to encourage investment in small or medium-sized companies|url=https://www.whatinvestment.co.uk/eis-and-seis-tax-breaks-explained-2381293/|access-date=2020-06-03|website=What Investment}}</ref>

By the end of the 2014–15 tax year, a cumulative total of £14.2 billion had been invested under the scheme into approximately 25,000 companies. In that year, in excess of £1.8 billion was invested under the EIS.<ref>{{cite web|title=Comments on the latest EIS and SEIS fundraising data from HMRC|url=http://www.eisa.org.uk/the-latest-eis-and-seis-fundraising-data-from-hmrc/|website=Enterprise Investment Scheme Association|accessdate=17 January 2017|archive-date=18 January 2017|archive-url=https://web.archive.org/web/20170118055803/http://www.eisa.org.uk/the-latest-eis-and-seis-fundraising-data-from-hmrc/|url-status=dead}}</ref>