Fund Managers Comments

EC approves EIS investment limit to £5m

The amount of money investors can put into high-risk yet high-growth companies while still claiming generous tax reliefs has more than doubled after the European Commission formally approved government plans outlined in the Budget.

Raising the investment limit from £2m to £5m for the enterprise investment scheme and venture capital trusts, as well as allowing medium-sized and small companies to benefit from the tax breaks, will help an additional 800 companies a year get extra funding, according to Treasury forecasts……