Ian Battersby: Could managed storage help fill the EIS void left by renewables?

The demise of ‘renewables' as an Enterprise Investment Scheme (EIS) qualifying business is now largely yesterday's news. With substantial sums having been committed by investors to this asset class in recent tax years, however, advisers are challenged to find trading businesses that benefit from genuine asset backing as a possible alternative. Investors who have dined out on renewables will see a significant hike in risk when moving to growth capital EIS investments and, although the returns can be much more substantial, the downside can be a risk too far for some. One option could be...