I wrote this article recently for Business Zone, and with a budget coming up this week we can anticipate further changes in EIS legislation.
We never lose sight of the fact that the companies we support should get our investment purely because they have great potential.
EIS has helped the VC market, but venture investing is about backing the best companies. Not chasing tax reliefs. And that's the way it should be.
Legislative change could mean more EIS money's pumped into startups