2.2 Limit on money raised

Companies are not allowed to raise more than £2million in any 12 month period from the three venture capital schemes. The three schemes are the EIS, the Corporate Venturing Scheme (CVS) and Venture Capital Trusts (VCTs), Investments from any or all of these schemes must fall within the £2million limit.

If any share issue breaks that limit, none of the investors in that issue will be able to claim any of the EIS tax reliefs.