VCTs & EIS Funds fill in record speed ahead of tax year-end

VCTs & EIS Funds fill in record speed ahead of tax year-end

Seneca Partners’ Managed Storage EIS Fund has already hit its £10m initial tranche and business development director Ian Battersby pointed to the removal of renewables as a qualifying tax-advantaged investment as a reason for the increased demand in the sector.

“With ‘renewables’ no longer a qualifying home for tax advantaged investments, the market expects a surge in demand which may not be fully satisfied this tax year,” he said. “The month of March is set to be a very interesting time in the Enterprise Investment Scheme market place.”

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