One of the few big things “Spreadsheet Phil” did in his 2017 budget was double the “EIS tax allowance” from £1m to £2m (as long as at least £1m was invested in knowledge intensive companies). More tax relief for the toffs, or a measured inducement to support smaller growing businesses? Money Talk will explore with Dermot Campbell, CEO of Kuber Ventures – EIS experts!

The financial world loves its acronyms and EIS stands for Enterprise Investment Scheme – a series of UK tax reliefs launched in 1994 in succession to the Business Expansion Scheme. They were designed to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom. By the end of the 2014/15 tax year a cumulative total of £14.2 billion had been invested under the scheme into approximately 25,000 companies. In that year, in excess of £1.8 billion was invested under EIS.

For higher earners there are real constraints on pension contributions so the 30% tax relief on EIS offers a pretty good opportunity. But how risky are these offers for small and growing businesses? Listen to Friday’s show and find out!

Tune in from 1pm on Channel Radio.