The owner of Glasgow Rangers FC has admitted he used the payment for future season ticket sales from Ticketus, the company backed by Octopus Investments' Protected EIS, to complete the takeover of the club.
Octopus Investments has said it is working with the administrators of Glasgow Rangers after one of its investments was caught up in the debacle.
Wealth manager and stockbroker WH Ireland has launched a UK EIS Growth fund in partnership with Harcourt Capital, seeking to raise an initial £10m.
Chancellor George Osborne has unveiled a new enterprise investment scheme (EIS), giving investors 50% tax relief for investing in business start-ups.