Britain’s economy currently rests at a period of sustained good health, with forecasts indicating a stable rise in GDP at an average rate of 2.5%. The nation’s abundant SME community plays a significant role in this trajectory, with a record 5.4 million private sector businesses registered at the start of 2015, an increase of 146,000 since 2014 and 1.9 million more since 2000.
Tax-incentive venture capital programmes such as the Enterprise Investment Scheme (EIS), have been an invaluable facilitator of capital, encouraging sizeable development finance into high-growth and knowledge intensive industries. Since the EIS was launched in 1994, over 21,000 companies have received investment through the scheme, with over £11bn of funds invested.
In light of the Autumn Spending Review, Osborne emphasised the importance of a balanced distribution of entrepreneurial growth, reinstating economic productivity across the UK’s full bedrock of traditional and new-age sectors. Subsequently, much focus has been placed on where the UK’s economic growth engines lie, both with regard to sector and projected growth rates.
IW Capital’s High-Growth 16: The EIS Edition identifies the nation’s most progressive industries and the champion companies transforming their respective sectors. Defined by a body of SMEs and start-ups, all sectors highlighted offer tax efficient investment potential that qualifies under current EIS regulation.
To find out what these industries are, download our High-Growth 16: The EIS Edition, here.