Two new EIS funds open amid sector demand

Tax-efficient funds filling in record time

Tom Ellis
clock • 1 min read

Seneca Partners and Deepbridge have both opened their second tax-efficient offerings of the tax year as investors fight to secure places in their preferred funds across the sector.

Tax-efficient investments, including Enterprise Investment Scheme (EIS) and venture capital trusts (VCTs), have been filling rapidly this tax year with some fundraising efforts doing so in record times - for example, Northern Venture Trust's VCT top-up managed to hit its £4.3m fundraising capacity in just two days.  LGBR Capital head of tax products Jack Rose has attributed the surge in sector demand to VCT rule changes, which mean management buy-out strategies are now ruled out and EIS and VCT investee companies must be be no more than seven years old. He said this has restricted the ab...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

'Disappointing blow': Inheritance tax reform and how it will affect clients

'Disappointing blow': Inheritance tax reform and how it will affect clients

Provisions in the Finance Bill 2025/26 explained

Julia Peake
clock 18 August 2025 • 5 min read
Govt mulls introducing lifetime limit on IHT gifting – report

Govt mulls introducing lifetime limit on IHT gifting – report

Treasury also reviewing rules around taper rate

Jenna Brown
clock 13 August 2025 • 4 min read
Phillip Wickenden: Frozen thresholds and the art of distraction

Phillip Wickenden: Frozen thresholds and the art of distraction

'In truth, the biggest "tax rise" coming our way is already happening'

Phillip Wickenden
clock 07 August 2025 • 5 min read