John Glencross: Don't mourn death of asset-backed EIS schemes

UK can be world’s entrepreneurial capital

clock • 4 min read

The US is usually seen as offering the global benchmark for innovation but, as John Glencross illustrates, the UK is now trumping the world's largest economy on several counts.

Some advisers may be mourning the fact the door has now closed on asset-backed Enterprise Investment Schemes (EIS) schemes, even if it should come as no surprise the government withdrew tax relief for low-risk investment. Nevertheless, this is a particularly exciting time for UK growth investing. The US is usually seen as offering the global benchmark for innovation and entrepreneurship, against which all other countries are measured - and usually fail. But the UK is now trumping the US on several counts.  Between 2006 and 2016, the number of new businesses ‘born' in the UK rose by 62...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: Navigating a new era for investing

Partner Insight: Navigating a new era for investing

Across the developed world, inflation is back and here to stay, says Wellington Management’s John Butler.

Sarka Halas
clock 13 March 2024 • 2 min read
Partner Insight: Should investors go global for more impact?

Partner Insight: Should investors go global for more impact?

Global investing offers scope for broader social impact as well as financial returns.

Sarka Halas
clock 11 March 2024 • 1 min read
Women in Investment Awards winner interview: Omotunde Lawal from Barings

Women in Investment Awards winner interview: Omotunde Lawal from Barings

Supporting the next generation

Katrina Lloyd
clock 07 March 2024 • 1 min read
Trustpilot