Pronto Shuts Down - Founder Admits Defeat

Pronto home page with logo and attractive food

Pronto, the food delivery service that raised £800,000 on Seedrs four months ago, has closed its doors. Founder James Poulter is quite candid with investors about the difficulties the business has experienced. Now that options have been exhausted, the company will wind down in a way that minimises investors' losses and enables them to gain EIS and SEIS reliefs.

Pension Crowd Discovers EIS and SEIS

sign saying Pension

Equity crowdfunders have known for a long time the value of the government-backed Enterprise and Seed Enterprise Investment Schemes (EIS and SEIS).Now, following recent changes made by the Chalncellor of the Exchequer, early stage companies may find they can attract funding from wealthy individuals saving towards their retirement.

Enterprise Investment Scheme and Brexit

graph representing financial growth

Lord Flight, the Chair of the EIS Association, claimed today that EU state aid policy has been used to damage the UK's Enterprise Investment Scheme (EIS), and has 'reduced risk capital for SMEs.' He made the claim in a post on Conservative Home this morning, in which he argued that most of the City favoured leaving Europe, and would benefit from a 'Leave' vote.

His comments are at odds with recent polls (like this poll and this poll) which show that the UK's startups - who benefit from the EIS and SEIS schemes - are overwhelmingly in favour of remaining in Europe. We look at the evidence.

Departing DG leaves EISA in good shape

Sarah Wadham, the Director General of the Enterprise Investment Scheme Association (EISA) has announced she will be stepping down at the end of March.  She will remain a director on the board of the not-for-profit association.

EIS Association logo

EISA is the official trade body for firms which aid the provision of capital to UK small and medium-sized enterprises (SMEs) through the Enterprise Investment Scheme (EIS) and its younger sibliing, the Seed Enterprise Investment Scheme (SEIS).  

Tech Companies Turning To EIS

Britain's tech companies are flocking to the Enterprise Investment Scheme (EIS). New research from Radius Equity shows a 27% increase in take-up, compared to a year ago. The findings of this survey contrast with recent comments from the CBI among others, that too few elegible firms are taking advantage of EIS, and the scheme should be promoted more widely.

abstract picture of phone streaming ones and zeroes

EIS is a government scheme that stimulates investment in small, high-growth companies by offering tax breaks. Firms have to register for EIS and go through an approval process, but investors in approved offerings are entitled to 30% initial income tax relief, and also benefiting from profits free of capital gains tax.

EIS crowd offered liquidity in virtual exchange

Equity crowd investors expect to hold their shares come rain, come shine, but an innovative platform from Mercia Fund Management (MFM) will allow investors to make offers for one other's holdings and negotiate transactions in unlisted assets that would otherwise be "not readily realisable" (which is the regulator's jargon for "hard to get rid of".)

Mercia invested in Impression Technologies

Mercia invested in Impression Technologies

A Guide to Saving and EIS Investing


We're delighted to publish the first extract of Bees & Honey - You and Your Money, a book on investing, with a strong emphasis on EIS investment.  Co-written by Money&Co. chief executive, the well-known entrepreneur and finanicer, Nicola Horlick, the text offers stretagies for saving up, and later insstalments wil demonstrate the benefits of EIS investment.

Another treatise on money, and saving up? Why? The answer is simple: we just can’t help ourselves - even though that’s precisely what we’re supposed to do.