Tom Hopkins: Time to re-educate clients on growth EIS investing

Last November's Budget saw Chancellor of the Exchequer Philip Hammond launch various initiatives that the government hopes will help businesses scale up and achieve rapid growth. We are told a technology business was apparently founded every hour in the UK last year but the Government now says it wants one every 30 minutes. It's a peculiar measure but, by anyone's reckoning, that means double. As part of this ambition, the Government announced further redirection of the Enterprise Investment Scheme (EIS) and venture capital trust (VCT) sector to investment-led strategies rather th...