Kalifa Fintech Report welcomed by Investment Industry Organisation
The Enterprise Investment Scheme Association (EISA), representing the investment industry focused on the tax incentive EIS scheme has welcomed the recommendations of the Kalifa Fintech Report launched today.
Specifically the recommendation to expand the Enterprise Investment Scheme is a policy that the EISA has been strongly encouraging the Chancellor to consider in the forthcoming budget.
Director General of the EISA, Mark Brownridge, commented, “By extending the investment limit for Seed investments from £150,000 to £250,000, and by changing the eligibility of access to the EIS scheme from the ‘age’ of the businesses to the ‘size’ of the business would, we believe, increase the funding available to growth businesses, particularly in the fintech area, by approximately £340m, and encourage a material increase in the number of employees and skills building in UK fintechs. We stand ready to play our part in helping to deliver the report recommendations.”
Mark Brownridge: email@example.com