Why are your EIS products no longer open for new or existing investors?

With more than £800 million invested in EIS we remain the largest EIS manager in the market. But we currently have no plans to raise further funds in our EIS products. The most recent changes to EIS and VCT legislation demonstrate the government’s focus on helping early stage UK companies, which our VCTs are well positioned to support. It just feels like it’s the right time for us to focus on growing our VCTs rather than expanding our EIS products. But we’ll continue to deliver on our commitments to our existing EIS investors.