Mark Brownridge, Director General of the EIS Association, comments on the 2015-16 Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) statistics, issued by HMRC.

The figures show a drop of some £230m in EIS fundraising in 2015-16 compared to the previous year, though the figure raised of £1.65bn was still the second highest ever amount raised since EIS began in 1993. There was a reduction of £8m in SEIS fundraising, which fell to £169m.