Dermot Campbell: The growing importance of a diversified EIS approach

With its five separate tax reliefs, the Enterprise Investment Scheme (EIS) is - according to HM Revenue & Customs - widely considered to be the most generous tax incentive in the world. The tax wrapper allows investment in a wide range of early-stage companies, each with their own characteristics - and carrying their own risks. In the past, EIS was seen as a single tax-planning product giving an advantageous tax outcome with little risk. This was driven by the Government guarantees for renewable-energy investment, where index-linked returns were guaranteed alongside the associated tax ad...