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.
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).
Mrs Wadham was appointed as Director General of EISA in September 2013. Prior to that, she managed a group of her own Business Angel contacts and worked closely with other Business Angel Networks and EIS Funds to deliver syndicated investment to EIS qualifying companies.
An EISA press release quotes her as saying:
“I am pleased to leave the organisation in a better position than when I became director general in 2013, helped by the collective efforts of EISA’s board and the members. Membership has grown and continues to increase including more members from the regions.”
There is little doubt that under her direction, participation in the schemes has gone from strength to strength. In the last year reported, £1.5bn was raised through EIS and SEIS. Earlier this month, it was reported that financial advisers and wealth managers were looking for support to cope with the rising demand.
In addition to the number of firms helped and volumes of funds raised, Mrs Wadham was also instrumental in setting up Green Shoots, EISA’s social network for young professionals, and launching the EIS Diploma, which aims to give financial advisers of all levels a thorough understanding of the investor benefits of the EIS and SEIS schemes, the mechanics of investing and the tax allowances available.