Tom Hopkins: Cut red tape on EIS now - or risk chokepoint

The rules governing Enterprise Investment Schemes (EIS) have been changed only relatively recently and so there would have been a collective sigh of relief that EIS - and venture capital trusts - were not mentioned in the Budget. Those recent changes mean, mostly, that capital has now gone back to what is was designed to do and support genuine growth businesses - as opposed to simply providing tax relief for the lowest possible investment risk.  Undoubtedly this is a good thing. Lots of advisers and, by extension, their clients like the fact investing in EIS helps both the economy and th...