EIS companies fail to attract interest

Enterprise Investment Scheme companies, which were to close for investment within the next month, have failed to attract enough funds, leading some companies to be withdrawn. Deadlines for most have been extended to give them more time to reach their fundraising targets. The Childcare Corporation, which is to invest in building new children's nurseries, has a target of £10m but by 6 April this year it had only raised £4m, according to the Allenbridge Group, which compiles a list of available EIS investments. The deadline for fundraising has now been extended from 25 May to the end of Ju...