John Glencross: Don't mourn death of asset-backed EIS offerings

Some advisers may be mourning the fact the door has now closed on asset-backed Enterprise Investment Scheme (EIS) offerings even if it should come as no surprise the government withdrew tax relief for low-risk investment. Nevertheless, this is a particularly exciting time for UK growth investing. The US is usually seen as offering the global benchmark for innovation and entrepreneurship, against which all other countries are measured - and usually fail. But the UK is now trumping the US on several counts. Between 2006 and 2016, the number of new businesses ‘born' in the UK rose by 62%...