The managers and promoters of Enterprise Investment Scheme (EIS) and Seed EIS schemes and portfolios are expecting to attract record volumes of assets in the current tax year as investors look to take advantage of the associated investment opportunities and tax breaks.
The two bespoke platforms in the sector, Growth Invest and Kuber Ventures, saw significant increases in interest from the adviser and wealth manager communities in the last quarter of 2016, which has continued into the new year. Kuber chief executive Dermot Campbell (pictured) said: "The attractive tax-planning opportunities that come with venture capital trusts (VCTs) through EIS and business property relief (BPR) are very useful for advisers. What we have increasingly been seeing, however, is the interesting underlying investments are also providing great opportunities to have a better...
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