Coverage:
United Kingdom

Theme:
The Economy

Released:
31 October 2017

Next Release:
Spring 2018

Frequency of release:
Bi-annual

Media contact:
HMRC Press Office
(Business)
03000 585028

Out-of-hours: 07860 359544



Statistical contacts:

Louise Bradford (EIS & SEIS)
Louise.Bradford@hmrc.gsi.gov.uk

Akash Patel (SITR)
Akash.Patel@hmrc.gsi.gov.uk

Dominica Parry
Dominica.Parry@hmrc.gsi.gov.uk

KAI Direct Business Taxes
Room 2/42
HM Revenue and Customs
100 Parliament Street
London
SW1A 2BQ

Website:
https://www.gov.uk/government/org
anisations/hm-revenue-
customs/about/statistics






Enterprise Investment Scheme
Seed Enterprise Investment Scheme
and Social Investment Tax Relief

October 2017

Statistics on Companies raising funds














2
Contents

Section 1: Introduction







3
About these statistics






3
Who might be interested in these statistics?



4
Section 2: Key points and summary





5
Section 3: Commentary







6
3.1 Enterprise Investment Scheme




6
EIS: Number of EIS companies and amount of investment

6
EIS: New investment






7
EIS: Industry sector







8
EIS: Size of investment per company




10
EIS: Geographical region of company registration



11
EIS: Investors claiming Income Tax relief under EIS


12


3.2 Seed Enterprise Investment Scheme




13
SEIS: Number of SEIS companies and amount of investment

13
SEIS: Industry sector






14
SEIS: Size of investment per company




15
SEIS: Geographical region of company registration


16
SEIS: Investors claiming Income Tax relief under SEIS


17

3.3 Social Investment Tax Relief





18
SITR: Number of social enterprises and amount of investment

18
SITR: Advance Assurance requests





18

Section 4: Background information





19
Policy background







19
Data sources







20

Methodology and reliability of the estimates



21

Revisions to previously published tables




21

Industry sector classification





22

Key differences in breakdowns by TCN and SIC 2007 classifications
22
Planned developments and changes




23

User engagement







23

UKSA Assessment







24

Contact points







25


Annex A: Statistical reference tables





26

3
Section 1: Introduction
About these statistics
This is a National Statistics publication produced by HM Revenue & Customs (HMRC). It
provides information on the number of companies raising funds, number of subscriptions
and amounts raised through the Enterprise Investment Scheme (EIS) and Seed Enterprise
Investment Scheme (SEIS). It also includes Official Statistics on social enterprises raising
funds through the Social Investment Tax Relief (SITR) scheme which are being published for
the first time. The EIS, SEIS and SITR are three of four tax-based Venture Capital schemes,
the other being the Venture Capital Trust (VCT) scheme1. This release includes updated EIS
and SEIS estimates for 2015-16 for the statistics published in April 2017. The figures for
previous years include small revisions and minor updates, arising from the receipt of a small
number of further EIS1 and SEIS1 forms for these years.
The publication also provides information on the industrial and geographical breakdown of
EIS and SEIS companies, the distribution of companies by the amount of funds raised, and
the distribution of investors by the size of their investment. These figures are updated
annually.
Statistics on companies raising funds, subscriptions and amounts raised are based on the
EIS1, SEIS1 and SITR1 returns received so far. Statistics on investors using the EIS and SEIS
schemes are derived from Self Assessment tax returns.
Section 2 summarises the key statistical points and Section 3 presents an overview of the
statistics and discusses recent trends. Section 4 provides background information, including
a link to further detail on the policy background and key policy changes, and information
on the data sources and methodology used to derive these statistics. Copies of the
statistical tables are included in Annex A.
The April 2017 release included the first published statistics for EIS and SEIS Advanced
Assurance Requests (AARs) with data up to 2016-17. These statistics will next be updated as
part of the Spring 2018 release.

These National Statistics are produced to the professional standards set out in the Code of
Practice for Official Statistics (2009)2. For more information on Official and National Statistics
and the governance of statistics produced by public bodies, please see the UK Statistics
Authority website: www.statisticsauthority.gov.uk
HMRC Official and National Statistics can be found on the gov.uk website:
https://www.gov.uk/government/organisations/hm-revenue-customs/about/statistics



1 Further information on the EIS and SEIS schemes is included in Section 4: Background Information.
2 http://www.statisticsauthority.gov.uk/assessment/code-of-practice/

4
Who might be interested in these statistics?
This publication is likely to be of interest to policy makers in government, academics,
research organisations, the media, the Venture Capital associations and companies raising
funds under the EIS, SEIS and SITR schemes. It will be of particular interest to investors
investing in Venture Capital schemes.
People interested in this publication may also be interested in the National Statistics
publication Venture Capital Trusts (VCT):
https://www.gov.uk/government/collections/venture-capital-trusts-statistics
We continue to welcome feedback on this release and the range of statistics presented.
Contact details are included within Section 4.





5
Section 2: Key points and summary

Companies have several years after shares are issued to submit a compliance statement (the
EIS1, SEIS1 and SITR1 forms). The figures for 2015-16 are therefore provisional and are likely
to be revised upwards in future as more forms are received by HMRC.

Enterprise Investment Scheme

Since the Enterprise Investment Scheme (EIS) was launched in 1993-94, 26,355
companies have received investment and almost 16.2 billion of funds have been
raised.


In 2015-16, 3,470 companies raised a total of 1,888 million of funds under the EIS
scheme. In 2014-15, 3,370 companies raised 1,929 million of funds.


In 2015-16, the 1,645 companies raising funds for the first time under the EIS scheme
raised a total of 997 million of investment.


In 2015-16, companies from the Business Services sector accounted for over 800
million of investment (more than 40% of all EIS investment).

London and the South East accounted for the largest proportion of investment with
companies registered in these regions receiving 67% of investment in 2015-16.

Seed Enterprise Investment Scheme


In 2015-16, 2,360 companies received investment through the Seed Enterprise
Investment Scheme (SEIS) and 180 million of funds were raised. This is very similar
to 2014-15, when 2,365 companies raised a total of 180 million.

Over 1,800 of these companies were raising funds under SEIS for the first time in
2015-16, representing 154 million in investment.


In 2015-16, companies from the Hi-tech and Business services sectors made up 68%
of the amount of SEIS investment received.

Social Investment Tax Relief


In 2015-16, 25 social enterprises received investment through the Social Investment
Tax Relief (SITR) scheme and 2.3 million of funds were raised.

Since SITR was launched in 2014-15, up to 2015-16, 25 social enterprises have raised
funds of 2.8 million through the scheme.

Since 2014-15, 260 SITR advance assurance request (AAR) applications have been
received. In 2016-17 there were 170 applications, of which 120 (69%) were approved.

6
Section 3: Commentary

3.1 Enterprise Investment Scheme (EIS)

EIS: Number of EIS companies and amount of investment

Since EIS was launched in 1993-94, 26,355 individual companies have received investment
through the scheme, and 16.2 billion of funds have been raised. The data used here comes
from EIS Table 8.1 in Annex A.

The numbers of companies raising funds and the level of investment have shown similar
trends since EIS was introduced (Figure 1). However, in 2015-16 the number of companies
raising funds increased to 3,470 while the amount raised fell slightly to 1,888 million. Note
that the 2015-16 figures are likely to be revised upwards as more returns are received by
HMRC, so this trend may change the next time the figures are published.

Figure 1: (a) Amounts of funds raised through EIS, 1993-94 to 2015-16.

Figure 1: (b) Number of companies raising funds under EIS, 1993-94 to 2015-16.

Source: EIS1 forms

7
From 2000-01, there was a gradual decrease in the amount of investment up to 2004-05
when investment started increasing again. From 2007-08 to 2008-09, there was a sharp
decrease in the amount of investment, most likely due to the economic recession and to
additional eligibility restrictions for qualifying companies (from 19 July 2007, limits on
company investment of 2 million and the number of employees, of fewer than 50
employees, were introduced). The change in Income Tax relief from 20% to 30% in 2011-12
and the introduction of the Feed in Tariffs (FiTs) initiative3 from April 2010 (resulting in large
amounts of investment into the renewable energy sector) both attracted EIS investment.

In 2012-13 most trades attracting FiTs were excluded from eligibility for EIS and companies
benefiting from alternative DECC subsidies have been excluded since July 20144. The
expansion of venture capital schemes in 2012-13, with an increase in the annual EIS
investment limit for companies to 5 million, attracted significant investment. The amount
of funds raised almost doubled in the period from 2012-13 to 2014-15. Investment fell
slightly in 2015-16, although these figures are provisional and are likely to be revised
upwards in future as more returns are received by HMRC.

EIS: New investment

The majority of investment through the scheme (58%) since the inception of EIS has been
investment into companies raising EIS funds for the first time. In 2015-16, 53% of funding
was raised by companies using EIS for the first time.

Figure 2: Amount of investment received by new companies through EIS and by companies
who received investment under EIS previously, from 1993-94 to 2015-16.

Source: EIS1 forms

3 Introduced by the Department of Energy and Climate Change.
4 Excluding those generating energy by way of anaerobic digestion or hydroelectric power and certain
community organisations. For further information FiTs and other DECC subsidies, please see the Office of Gas
and Electricity Markets website: https://www.ofgem.gov.uk/environmental-programmes

8
EIS: Industry sector5

In 2015-16, companies from the Business services and Hi-tech6 sectors together accounted
for over 1.2bn of investment and made up 68% of all EIS investment (Figure 3). In 2014-15,
these sectors accounted for 53% of all EIS investment (1.0bn). In 2015-16, companies from
the Business services sector accounted for over 800 million of investment (over 40% of all
EIS investment).

The highest number of companies receiving EIS investment in 2015-16 were in the Business
services and Hi-tech sectors (1,240 and 1,150 companies respectively). These sectors
represent 69% of the total number of companies receiving investment through EIS.

Figure 3: The percentage distribution of EIS investment and number of EIS companies, by
industry sector in 2015-16.


Source: EIS1 forms

*Other services sector includes: recreational services, other medical and educational services, real estate, social and
community services and others.
** Hi tech sector includes: research and development, instrument engineering, some chemicals and computer consultancy.


5 Trade Classification Numbers (TCNs) are used to identify the type of trade carried out by the company. It
should be taken into account that the most recent TCN data available have been used and some companies
could have changed their trade since submitting their EIS1 forms.

6 'Hi Tech' Companies is not a category identified by the Trade Classification system. This category includes
selected companies from other industry groups involved in activities such as research and development,
chemicals and computer consultancy.

9
Figure 4, below, provides a comparison of the amount of investment raised under EIS
between 2014-15 and 2015-16. The largest increase was in Business services where the
amount of funds raised increased by 135 million between 2014-15 and 2015-16. The largest
decrease was in Energy and Water Supply companies where the amount of funds raised
decreased by 233 million between 2014-15 and 2015-16. This is likely to be related to the
policy changes excluding energy generation from venture capital schemes, some of which
came into effect during 2015-16.

Figure 4: Comparison between amounts of funds raised under EIS by different industries in
2014-15 and 2015-16.

Source: EIS1 forms

*Other services sector includes: recreational services, other medical and educational services, real state, social and
community services and others.
** Hi tech sector includes: Research and development, instrument engineering, some chemicals, computer consultancy and
others.

The statistics above are based on the data in EIS Table 8.2 in Annex A using HMRC's Trade
Classification Number (TCN) system.

Data by Standard Industrial Classification (SIC) sector is presented as EIS Table 8.2a in Annex
A. This shows that the 'Professional, Scientific and Technical' and 'Information and
Communication' sectors had the highest levels of EIS investment, together accounting for
810 million (43%) of investment in 2015-16.

10
EIS: Size of investment per company

The distribution of the number of companies raising money under EIS by investment size
differs from the distribution of amount of funds raised by size of investment (Figure 5). A
large proportion of companies receive relatively small investments, with 44% (1,540) of
companies receiving investments of 150,000 or less in 2015-16. This is a similar proportion
to recent years.

At the same time, in 2015-16, 47% (888m) of the amount of funds is concentrated in
investments above 2m with 25% (466m) going to investments between 4m and 5m. The
annual EIS investment limit for any company was increased from 2m to 5m in 2012-13.

Figure 5: Distribution of the proportion of funds raised under EIS (number of companies and
amount raised) by upper limit of size of investment (2015-16).

Source: EIS1 forms

The data used in this section comes from EIS Table 8.3 in Annex A.











11
EIS: Geographical region of company registration

The proportion of the amount of investment in companies registered in London and the
South East was 67% in 2015-16 (Figure 6). This proportion is similar to recent years.

The geographical distribution of EIS investments is based on the registered address of the
company raising funds. This address may place the company in a different region from the
region in which the business activity is carried and, therefore, a degree of caution should be
exercised in the use of this data.

Figure 6: Distribution of EIS investment and number of EIS companies based on the
registered address of the company (2015-16).











Source: EIS1 forms


The data used in this section comes from EIS Table 8.4 in Annex A.


12
EIS: Investors claiming Income Tax relief under EIS

The number of investors claiming Income Tax relief on Self Assessment forms under EIS
increased from 32,210 in 2014-15 to 32,770 in 2015-16.

The majority of the investors claiming Income Tax relief tend to invest smaller amounts of
money into companies qualifying for EIS (Figure 7). In 2015-16, 80% of EIS investors made a
claim for tax relief in respect of an investment of less than 50,000 (Figure 7). This was a
slight increase from 2014-15 when 78% of investors made a claim on an investment of less
than 50,000. The number of investors claiming relief for investments of up to 5000 has
increased by 18% from 8,490 investors in 2014-15 to 10,040 in 2015-16, a possible result of
the increasing use of crowdfunding platforms.

Investors were able to claim Income Tax relief on an investment of up to 1m from 2012-13,
compared with a previous limit of 500,000. Investments of 500,000 to 1m contributed
18% of the total amount of EIS investment raised on which claims were made in 2015-16.

Figure 7: Proportion of investors and amount of investment, by size of investment
(investment on which Income Tax relief was claimed in 2015-16).








Source: Self Assessment Returns
The data used in this section comes from Table 8.5 in Annex A.

Total figures provided in Table 8.5 on the amount of investment on which Income Tax relief
was claimed are not directly comparable with the figures in the Table 8.1 on the amount of
investment reported by companies. Some investors may choose to offset the tax liability
against the previous year. Also, a small amount of relief would be claimed through the PAYE
system which is assumed to relate to about 5% of total EIS investment.

13
3.2 Seed Enterprise Investment Scheme

SEIS: Number of SEIS companies and amount of investment

In 2015-16, data show that 2,360 companies received investment through the Seed
Enterprise Investment Scheme (SEIS) and 180 million of funds were raised. Over 1,800 of
these companies were raising funds under SEIS for the first time, raising a total of 154
million in investment. The average investment per company under SEIS in 2015-16 was
around 76,000.

The total amount of SEIS investment in 2015-16 was 0.5 million higher than in the previous
year.

Since SEIS was launched in 2012-13, 6,665 individual companies have received investment
through the scheme and 621 million in investment has been raised.

The data used in this section comes from SEIS Table 8.11 in Annex A.

Figure 8: Amount of investment received by new companies through SEIS and by companies
who received investment under SEIS previously, for 2012-13 to 2015-16.



Source: SEIS1 forms



14
SEIS: Industry sector7
In 2015-16, companies from the Hi-tech8 and Business services industries made up 69% of
the amount of SEIS investment received (Figure 9). Companies from the Business services
sector increased the amount of investment funds raised under SEIS from 53 million (29%) in
2014-15 to 64 million (36%) in 2015-16.
The data used in this section comes from SEIS Table 8.12 in Annex A.
Figure 9: The percentage distribution of SEIS investment by industry sector in 2014-15 and
2015-16.

Source: SEIS1 forms

*Other services sector includes: recreational services, other medical and educational services, real state, social and
community services and others.
** Hi tech sector includes: Research and development, instrument engineering, some chemicals, computer consultancy and
others.

7Trade Classification Numbers (TCNs) are used to identify the type of trade carried out by the company. It
should be taken into account that the most recent TCN data available have been used and some companies
could have changed their trade since submitting their EIS1 forms.
8'Hi Tech' Companies is not a category identified by the Trade Classification system. This category includes
selected companies from other industry groups involved in activities such as research and development,
chemicals and computer consultancy.

15
SEIS: Size of investment per company

The majority of companies receive investments of over 50,000 through SEIS, with 55% of
companies receiving investment of over 50,000 in 2015-16 (Figure 10). This is a similar
proportion to 2014-15.

Investments of over 50,000 contributed 85% of the total amount of SEIS investment raised.

The data used this section comes from SEIS Table 8.13 in Annex A.

Figure 10: Distribution of the proportion of funds raised under SEIS (number of companies
and amount raised) by upper limit of size of investment (2015-16).

Source: SEIS1 forms





16
SEIS: Geographical region of company registration

The largest proportion of funds raised through SEIS was raised by companies registered in
London and the South East. In 2015-16, these regions accounted for 66% of SEIS investment,
a similar proportion to the previous year.

The geographical distribution of SEIS investments is based on the registered address of the
company raising funds. This address may place the company in a different region from the
region in which the business activity is carried. Therefore, caution should be exercised in
interpreting this data.

The data used in this section comes from SEIS Table 8.14 in Annex A.

Figure 11: Distribution of SEIS investment and number of SEIS companies based on the
registered address of the company (2015-16).


Source: SEIS1 forms



17
SEIS: Investors claiming Income Tax relief under SEIS
In 2015-16, 8,930 investors claimed Income Tax relief on Self-Assessment forms for SEIS,
compared to 9,025 investors in 2014-15.
The majority of the investors claiming the relief invested 10,000 or less into qualifying SEIS
companies (58% of investors). The number who invested 500 or less increased by 26% from
780 investors in 2014-15 to 985 in 2015-16, a possible result of the increasing use of
crowdfunding platforms.

Investments of over 25,000 contributed 61% of the total amount of SEIS investment raised
on which claims were made.

The data used in this section comes from SEIS Table 8.15 in Annex A.

Figure 12: Proportion of the number of investors and amount of investment claimed in
2015-16.

Source: Self Assessment Returns

Total figures provided in Table 8.15 on the amount of investment on which Income Tax relief
was claimed are not directly comparable with the figures in the Table 8.11 on the amount of
investment reported by companies. Some investors may choose to offset the tax liability
against the previous year. Also, a small amount of relief would be claimed through the PAYE
system which is assumed to relate to about 5% of total SEIS investment.

18
3.3 Social Investment Tax Relief

SITR: Number of social enterprises and amount of investment

In 2015-16, data show that 25 social enterprises received investment through the Social
Investment Tax Relief (SITR) scheme and 2.3 million of funds were raised. This includes
funds raised through equity investment (shares) and debt investment (loans).

The data can be found in SITR Table 8.21 in Annex A.

Since SITR was launched in 2014-15, up to 2015-16, 25 social enterprises have received
investment through the scheme. This number is not included in Table 8.21, but it represents
the number of unique social enterprises (enterprises which received investment in more
than one year have only been counted once). These enterprises have raised a total of 2.8
million in funds.


SITR: Advance Assurance requests
In 2016-17 there were 170 SITR advance assurance request (AAR) applications and, of these,
120 (69%) have been approved.
In total since 2014-15, 260 SITR AAR applications have been received, of which 180 (69%)
have been approved.
The data can be found in SITR Table 8.21a in Annex A.



19
Section 4: Background information
Policy background
The Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS) and
Social Investment Tax Relief (SITR) are three of the four tax-based venture capital schemes,
the other being the Venture Capital Trust (VCT) scheme.
The EIS was introduced in 1994 to help smaller, higher-risk trading companies to raise
finance by offering a range of tax reliefs to investors who purchase new full-risk ordinary
shares in those companies.
The SEIS was introduced in 2012 to complement EIS and is intended to recognise the
particular difficulties which very early stage companies face in attracting investment by
offering tax relief at a higher rate than that offered by EIS.
The SITR was introduced in 2014 to help social enterprises raise money for their business
activities by offering tax relief to investors. The investment may be in the form of equity
investment (shares) or debt investment (loans).
An amendment to tax-advantaged venture capital schemes, including EIS and SEIS, was
published at Summer Budget 2015. Further information on these changes is available here:
https://www.gov.uk/government/publications/income-tax-amendments-to-tax-advantaged-
venture-capital-schemes
Changes to exclude energy generation from the EIS, SEIS and SITR schemes were announced
at Autumn Statement 2015:
https://www.gov.uk/government/publications/income-tax-exclusion-of-energy-generation-
from-venture-capital-schemes
Changes to SITR were announced at Autumn Statement 2016 to increase the investment
limit and improve the targeting of the scheme. Further information is available here:
https://www.gov.uk/government/publications/income-tax-enlarging-social-investment-tax-
relief
The Official and National Statistics for the VCT scheme can be found here:
https://www.gov.uk/government/collections/venture-capital-trusts-statistics



20
Data sources

The statistics in this release are compiled using data collected from companies' EIS1, SEIS1
and SITR1 returns. All figures in this release are based on data extracted in September 2017
(EIS, SEIS) and October 2017 (SITR).

The returns, also known as 'compliance statements', are statutory declarations that the
company is compliant with the conditions of the EIS, SEIS or SITR scheme. The data cover all
EIS1, SEIS1 and SITR1 returns received by HMRC and approved by the Small Company
Enterprise Centre (SCEC) that administers the schemes. The SCEC decides if a company and a
share issue qualifies.

Companies have to submit an EIS1/SEIS1 form for each share issue where EIS or SEIS relief is
to be claimed. The EIS1 and SEIS1 forms include details of investors who have indicated they
will be claiming EIS/SEIS relief and the amount invested. The forms also include details of the
date the shares were issued; these dates are used in the production of the statistics to
record the investments within particular tax years. Social enterprises have to submit similar
information under the SITR scheme using the SITR1 form.

Income Tax Self Assessment returns are used to collect EIS and SEIS investor level
information. Some investors will invest in both schemes in the same tax year. This
information will not cover investors making Income Tax relief claims through other systems
(e.g. PAYE) or not making any claims.

Data on SITR Advanced Assurance Requests (AARs) is collected by the SCEC and compiled
from social enterprises' AAR applications. The data cover all the SITR AAR applications
handled by the SCEC. The SCEC advises enterprises considering using SITR about whether
HMRC will regard their planned share issues, loans and business activities as satisfying the
requirements of the scheme. SITR AAR data was extracted in October 2017.

Initial statistical checks carried out on the data include:

Plausibility checking that the amount of the investment has a realistic value. Any
record showing a very high amount is referred back to SCEC, which will check on
these cases;

Checking that the companies correspond to the company registration number. In
case of inconsistencies, the correct information is retrieved from Companies
House Database or SCEC; and

Checking all the duplicate records, i.e. individual companies records with the
same issue data and amount of investment are checked with SCEC.

Once the EIS1/SEIS1/SITR1 forms data have been extracted from the analysis database:

Any significant changes in figures from one statistical release to the next are
investigated.


21
Methodology and reliability of the estimates

Tables 8.1 to 8.4, tables 8.11 to 8.14 and table 8.21 include every case captured via EIS1,
SEIS1 and SITR1 forms respectively. The Self Assessment tables (EIS Table 8.5 and SEIS Table
8.15) include every case captured via Self Assessment returns. The SITR AAR table includes
all AAR cases handled by the SCEC. As no sampling is necessary, sampling error is not an
issue.

Sources of error in the published statistics include:

The EIS/SEIS/SITR companies have a period of several years after shares are
issued to submit a compliance statement. Therefore, there are a small number
of returns submitted later which add to the existing data and can therefore
result in minor revisions to previously published figures. Accordingly, some
revisions have been made to EIS/SEIS figures prior to 2015-16.

This release provides figures on the number of investors and the amount
claimed through Self Assessment in value terms. The EIS and SEIS investors can
claim Income Tax relief up to five years after the 31 January following the tax
year in which the investment was made. Therefore, in the next year's
publication, a small number of late claims will result in minor revisions to
previously published figures, particularly to the provisional figures for 2015-16.

Data capture errors: companies may make errors entering their information on
the EIS1/SEIS1/SITR1 paper forms. The data are subsequently entered onto
HMRC's systems manually. This is another point at which data may be altered
due to human error or software errors. There is a risk that errors involve very
large investment amounts. To mitigate this, checks are carried out and any
incorrect large values which are detected are investigated (and potentially
altered) in the analysis database before the statistics are produced. An
automated data entry to HMRC's system is being introduced and should reduce
the number of these types of errors in future. We will provide notification in
the appropriate release when this has been used in the creation of the
estimates.


Revisions to previously published tables

Companies' funds raised are subject to revision and, although the majority of assessments
are finalised within three years after shares are issued, there are exceptional cases which
can take much longer. As a result, there is no specific point at which claims for the latest
years can be considered as complete or final. In practice, the statistics are first published as
provisional one year after the tax year being presented and subsequently revised in the
following releases of the statistics. However, where the revision to a year is particularly small
and would lead to the potential disclosure of individual companies, these revisions will be
suppressed (based on our standard approach to statistical disclosure control) until a
subsequent release.


22
Revisions to the published Self Assessment returns data are not routinely made until the
following year's release. Typically, the only revisions are to the most recent year's figures
reflecting returns submitted later.

Industry sector classification

The industry breakdown in Table 8.2 has historically been based on HMRC's Trade
Classifications Number (TCN) codes. Classification based on TCNs is outdated. The UK
Standard Industrial Classification 2007 (SIC 2007) is a more current, detailed and commonly
used system. The conversion to SIC 2007 will bring EIS and SEIS statistics more into line with
other HMRC statistics and will make them more widely comparable with other sources of
statistics by industry.

Previous releases of these statistics have presented experimental versions of the EIS and
SEIS tables with an industry breakdown based on Standard Industry Classification 2007 (SIC
2007). In this release, we present the SIC 2007 breakdowns in Annex A as Official Statistics.
Companies with an unknown SIC 2007 code are generally new companies that have not filed
a Corporation Tax (CT) return at the time they have submitted their EIS1/SEIS1 forms. Work
is ongoing to refine the methodology to allocate SIC 2007 codes to EIS and SEIS companies.

For more information on SIC 2007 codes please see:

http://www.ons.gov.uk/ons/guide-method/classifications/current-standard-
classifications/standard-industrial-classification/index.html


Key differences in breakdowns by TCN and SIC 2007 classifications

TCN codes are broadly based on the 1992 Standard Industrial Classification. Changes in the
economy since that time, including rapid growth in the technology sector, mean that newer
companies' activities are increasingly less likely to be well mapped in the TCN codes.

The TCN codes are assigned by HMRC staff based on their knowledge of companies'
activities. The SIC 2007 codes used in this release come from the Inter-Departmental
Business Register (IDBR), which uses Companies House data as one source, or directly from
Companies House data. Companies House SIC 2007 codes are determined and submitted by
the companies themselves. This change in the process of assigning industrial codes will
affect the level of variability and the accuracy of the industrial coding. It is possible that
companies carrying out the same trade may be assigned different, or sometimes perhaps
inaccurate, SIC 2007 codes.

The relationship between TCN and SIC 2007 is many to many, which makes comparisons
between the two breakdowns complex.




23
Planned developments and changes

a) Frequency of the publication

From October 2016 we have moved to a bi-annual release schedule. A release in April each
year contains provisional figures for the latest available financial year. The release in October
includes updated figures for the latest year with additional detail and investor statistics
derived from Self Assessment returns. Statistics on Advance Assurance requests are normally
included in the April release.

We are now considering whether to move to an annual release. This would make it easier for
users to find the latest versions of the tables as they would all be together in one release.
Depending on the timing of the release, the tables with the detailed breakdowns might be
published earlier in the year than they are at present. We welcome feedback and
suggestions on this.


b) Standard Industry Classification

As mentioned above, we believe that SIC 2007 provides a more useful industry sector
breakdown than the Trade Classification Numbers (TCN) approach.

In this current release we have produced SIC 2007 versions of both the EIS and SEIS tables.
The SIC allocation comes mainly from the Inter-Departmental Business Register (IDBR),
supplemented by Companies House data. There are still issues with obtaining SIC codes for
newer companies, resulting in a higher proportion of 'unknown' SIC codes in the latest year,
particularly for SEIS. We will continue to investigate ways of improving this.

For data from 2017-18 onwards we expect that the TCN will no longer be available. We
therefore plan to only publish the SIC 2007 breakdowns and to discontinue the TCN-based
tables. We welcome any feedback on this.

If you wish to contact us on any of these items, please use the contact details in the section
below.

User engagement
HMRC is committed to providing impartial quality statistics that meet our users' needs. We
encourage our users to engage with us so that we can improve our National and Official
Statistics and identify gaps in the statistics that we produce.
If you would like to comment on these statistics or have any enquiries please use the
statistical contacts named at the end of this section and on the cover page.


24
UKSA Assessment
The EIS and SEIS National Statistics have been assessed for compliance with the Code of
Practice for Official Statistics by the UK Statistics Authority (UKSA). The assessment report is
available on the UKSA website:
https://www.statisticsauthority.gov.uk/archive/assessment/assessment/assessment-
reports/
The SITR statistics have not yet been assessed by UKSA and are therefore classified as Official
Statistics rather than National Statistics.
UKSA is an independent body directly accountable to Parliament with the overall objective
to promote and safeguard the production and publication of official statistics. It is also
required to promote and safeguard the quality and comprehensiveness of official statistics
and good practice in relation to official statistics.

25
Contact points
Enquiries about these statistics should be directed to the responsible statisticians:

Louise Bradford (EIS & SEIS), Akash Patel (SITR) and Dominica Parry
KAI Direct Business Taxes
HM Revenue & Customs
Room 2/42
100 Parliament Street
London SW1A 2BQ
Telephone: 03000 541121 03000 599791 03000 589593
Email: louise.bradford@hmrc.gsi.gov.uk akash.patel@hmrc.gsi.gov.uk
dominica.parry@hmrc.gsi.gov.uk


For enquiries relating to the EIS, SEIS and SITR schemes, please contact the HMRC Small
Company Enterprise Centre.
E-mail: enterprise.centre@hmrc.gsi.gov.uk


Media enquiries should be directed to the HMRC Press Office contacts listed on the front
page of this release.

26
Annex A: Statistical reference tables

Enterprise Investment Scheme: Table 8.1

Enterprise Investment Scheme
Table 8.1: Number of companies raising funds, number of subscriptions and amounts
raised from 1993-94 to 2015-161
Claims data received by September 20172
Numbers: actual; Amounts: million
Year2
Companies raising
funds for f irst time
All companies
raising funds
Subscriptions 3
Companies raising
funds for f irst time
All companies
raising funds
Number
Number
Number
Amount
Amount
1993-94
75
75
480
3.9
3.9
1994-95
400
425
4,970
39.0
41.4
1995-96
440
550
5,140
45.5
52.9
1996-97
475
650
11,820
73.4
94.3
1997-98
530
725
11,410
85.1
113.4
1998-99
1,035
1,265
15,330
237.8
294.0
1999-00
1,640
2,105
29,340
462.9
614.0
2000-01
2,375
3,315
45,800
667.7
1,066.0
2001-02
1,685
2,855
25,480
418.9
760.9
2002-03
1,340
2,455
27,635
372.2
667.3
2003-04
1,150
2,175
28,125
334.1
627.2
2004-05
1,210
2,190
32,360
325.4
606.4
2005-06
1,155
2,140
31,525
305.6
647.6
2006-07
1,150
2,170
39,695
376.8
732.7
2007-08
1,130
2,205
37,135
365.9
707.3
2008-09
940
1,920
23,545
288.4
517.7
2009-10
995
1,975
25,970
363.5
622.8
2010-11
1,070
2,025
32,430
312.0
548.9
2011-12r
1,565
2,680
88,930
691.1
1,033.9
2012-13r
1,195
2,475
64,150
577.7
1,034.9
2013-14r
1,410
2,845
123,620
898.9
1,594.4
2014-15r
1,740
3,370
155,190
1,121.5
1,928.5
2015-16p
1,645
3,470
176,210
996.8
1,887.6


All Years
26,355
** 4
1,036,290
9,364.0
16,198.1
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
Source: EIS1 forms
2. Companies have a period of several years after shares are issued to submit an EIS1 compliance statement. Therefore data for 2015-
16 is provisional and subject to change due to claims not yet received, w hereas claims received for 2016-17 are currently excluded.
3. The number of subscriptions is not equal to the number of investors as an individual can invest in more than one company.
4. The total is not given as companies may raise funds in more than one year.



27
Enterprise Investment Scheme: Table 8.2

Enterprise Investment Scheme
Claims data received by September 20172
Numbers: actual; Amounts: million
Industry 3
2013-2014r
2014-2015r
2015-2016p
Number
Amount
Number
Amount
Number
Amount
Agriculture, forestry and f ishing
15
8.3
10
4.8
5
2.3
Hi Tech Companies 4
815
291.8
975
341.4
1,150
460.0
Energy & Water Supply
190
390.6
200
387.1
100
154.3
Manufacturing
310
97.3
315
100.8
285
102.8
Construction
40
16.2
30
23.5
30
23.7
Distribution, restaurants and catering
385
157.1
375
153.3
315
147.3
Transport and communication
50
22.7
55
24.7
45
18.7
Business services
710
395.4
1050
683.0
1,240
817.5
Recreational activities
230
176.5
225
153.6
185
119.0
Other services
90
38.5
125
56.3
115
42.1












Total
2,845
1,594.4
3,370
1,928.5
3,470
1,887.6
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
Table 8.2: Number of companies and amount of funds raised, by industry, from 2013-141 to
2015-16P
Source: EIS1 forms
2. Companies have a period of several years after shares are issued to submit an EIS1 compliance statement. Therefore
data for 2015-16 is provisional and subject to change due to claims not yet received, w hereas claims received for 2016-
17 are currently excluded.
3.Trade Classif ication Numbers (TCNs) are used to identify the type of trade carried out by the company. It should be taken
into account that the most recent TCN data available have been used and some companies could have changed their trade
since submitting their EIS1 forms.
4. Hi Tech Companies is not a category identif ied by the Trade Classif ication system. This category includes selected
companies from other industry groups involved in activities such as research and development, chemicals and computer
consultancy.



28
Enterprise Investment Scheme: Table 8.2a

Enterprise Investment Scheme
Table 8.2a: Number of companies and amount of funds raised, by industry (SIC), from 2013-141 to 2015-16p
Claims data received by September 20172
Numbers: actual; Amounts: million
Industry 3
2013-2014
2014-2015
2015-2016p
Number
Amount
Number
Amount
Number
Amount
A. Agriculture, Forestry and Fishing; B. Mining and Quarrying
20
7.1
20
6.5
10
4.8
C. Manufacturing
305
105.9
390
133.1
360
128.3
D. Electricity, Gas, Steam and Air Conditioning
115
282.8
155
410.2
55
217.6
E. Water, Sew erage and Waste
20
20.9
15
14.4
10
11.8
F. Construction
45
28.4
45
39.5
30
21.8
G. Wholesale and Retail Trade, Repairs
345
119.8
350
107.2
365
130.0
H. Transport and Storage
20
14.2
25
15.2
25
24.9
I. Accommodation and Food
135
89.2
155
103.4
115
71.0
J. Information and Communication
715
371.7
905
447.4
975
575.3
K. Financial and Insurance
130
102.1
140
108.2
115
72.5
L. Real Estate
20
9.0
35
10.3
40
19.2
M. Professional, Scientif ic & Technical
520
278.5
560
255.6
530
235.1
N. Admin and Support Services
160
56.4
205
98.8
210
107.1
P. Education
35
9.8
40
15.4
50
13.7
Q. Health and Social Work
35
13.1
30
15.2
45
24.1
R. Arts, Entertainment and Recreation
90
25.2
100
38.3
80
28.9
S. Other services activities; T. Households; U. Overseas
105
54.7
120
68.8
110
53.8
Unknow n SIC2007
30
5.5
80
41.1
350
147.6












Total
2,845
1,594.4
3,370
1,928.5
3,470
1,887.6
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
Source: EIS1 forms, Inter-Departmental Business Register (IDBR) survey and Companies House database
2. Companies have a period of several years after shares are issued to submit an SEIS1 compliance statement. Claims received for 2016-17
and 2017-18 are currently excluded.
3. Standard Industry Classif ication 2007 (SIC 2007) codes are used to identify the type of trade carried out by the company. The resulting
f igures should be treated w ith caution because the most recent SIC 2007 data have been used and some companies could have changed
their trade since submitting their EIS1 forms.
This table is classif ied as Official Statistics.



29
Enterprise Investment Scheme: Table 8.3

Enterprise Investment Scheme
Table 8.3: Number of companies and amount of funds raised, by size of funds,
from 2013-141 to 2015-16P
Claims data received by September 20172
Size of funds raised per company
2013-2014r
2014-2015r
2015-2016 p
(Upper limit)
Number
Amount
Number
Amount
Number
Amount
actual
m
actual
m
actual
m
10,000
155
0.9
160
0.8
150
0.8
25,000
180
3.3
230
4.4
220
4.1
50,000
305
12.2
355
14.1
330
12.9
100,000
405
31.8
495
38.2
510
39.6
150,000
275
34.8
315
40.5
330
42.2
200,000
215
38.4
245
43.9
245
44.0
250,000
160
36.4
195
44.0
210
48.3
300,000
140
38.3
160
44.9
155
42.8
350,000
110
37.2
100
32.9
160
51.8
400,000
85
32.1
100
36.9
120
45.6
450,000
65
26.9
80
35.1
90
39.1
500,000
60
28.6
80
37.9
85
41.5
750,000
185
114.2
220
134.9
245
151.4
1,000,000
115
100.4
150
133.9
160
139.6
1,250,000
85
92.1
75
81.0
80
89.0
1,500,000
45
63.7
70
93.9
65
90.1
1,750,000
30
47.3
35
56.3
45
69.8
2,000,000
25
49.4
45
85.5
25
47.3
3,000,000
65
156.4
90
219.2
90
223.3
4,000,000
55
190.5
55
197.7
55
198.8
5,000,000
100
459.5
115
552.4
100
465.8












Total
2,845
1,594.4
3,370
1,928.5
3,470
1,887.6
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
Source: EIS1 forms
2. Companies have a period of several years after shares are issued to submit an EIS1 compliance statement. Claims received
for 2016-17 are currently excluded.
3. From July 2007 to April 2012, companies must have raised no more than 2 million in total from Venture Capital schemes.
From April 2012 companies can raise up to 5m.

30
Enterprise Investment Scheme: Table 8.4

Enterprise Investment Scheme
Table 8.4: Number of companies and amount of funds raised, by region, 2013-141 to 2015-16p
Claims data received by September 20172
Numbers: actual; Amounts: million
Government Office Region 3
2013-2014r
2014-2015r
2015-2016p
Number
Amount
Number
Amount
Number
Amount
England
2,590
1,504.9
3,050
1,793.7
3,215
1,795.7

- North East
55
19.1
60
16.2
50
16.8
- North West
175
58.7
205
107.5
200
93.7
- Yorkshire & the Humber
65
19.8
75
18.4
80
28.8
- East Midlands
120
52.5
110
49.0
80
31.9
- West Midlands
125
43.0
150
59.9
150
56.2
- South West
200
95.0
220
123.7
240
119.9
- East of England
230
128.3
270
183.2
270
175.5
- London
1,105
724.5
1,385
890.0
1,575
964.5
- South East
515
364.1
575
345.7
560
308.4

Wales
65
22.7
60
23.7
60
20.5
Scotland
140
42.6
200
79.1
160
53.6
Northern Ireland
35
15.1
50
24.8
25
5.5
Channel Islands / Isle of Man
10
8.0
5
3.3
5
7.4
Unknow n
5
1.1
10
3.9
10
5.0







Total
2,845
1,594.4
3,370
1,928.5
3,470
1,887.6
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
Source: EIS1 forms
2. Companies have a period of several years after shares are issued to submit an EIS1 compliance statement. Claims
received for 2016-17 are currently excluded.
1. Tax year ending 5 April.
3. The regional breakdow n is based on the registered address of the company, w hich may differ from the
region in w hich the investment took place. For more information on GOR codes see w w w .ons.gov.uk


31
Enterprise Investment Scheme: Table 8.5

Enterprise Investment scheme
Table 8.5: Income tax relief, distribution of investors and amount of investment on which relief
was claimed from 2013-141 to 2015-16p
Size of investment in year2
2013-2014r
2014-2015r
2015-2016p
(Upper limit)
Number of
Amount of
Number of
Amount of
Number of
Amount of

investors
investment
investors
investment
investors
investment
actual
m
actual
m
actual
m
500
1,895
0.5
1,865
0.5
2,370
0.7
1,000
1,335
1.2
1,460
1.2
1,810
1.6
2,500
1,950
3.5
2,190
4.0
2,555
4.6
5,000
2,635
10.8
2,975
12.1
3,305
13.5
10,000
3,680
30.5
4,330
35.5
4,445
36.5
15,000
2,395
30.6
2,770
35.3
2,570
32.6
20,000
1,985
36.3
2,275
41.4
2,185
39.8
25,000
2,060
48.2
2,125
49.8
2,100
49.2
50,000
4,715
179.2
5,255
198.5
5,005
190.2
75,000
1,880
116.1
2,050
127.2
1,885
116.2
100,000
1,460
133.4
1,535
139.1
1,430
129.3
150,000
1,145
141.8
1,290
159.6
1,170
146.2
200,000
595
105.3
700
123.9
605
107.4
250,000
350
79.0
355
80.6
340
77.5
300,000
200
55.3
275
75.6
260
72.6
350,000
145
46.7
150
47.9
140
44.9
400,000
105
39.9
120
45.5
100
37.3
450,000
70
29.7
75
31.8
80
34.7
500,000
90
43.7
85
41.3
85
40.2
750,000
160
97.6
175
107.5
180
108.8
1,000,000
195
183.1
160
151.9
150
140.5






Total
29,050
1,412.4
32,210
1,510.1
32,770
1,424.2
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
Source: Self Assessment Returns
2. From 2008-09 to 2011-12 the maximum investment eligible for income tax relief under EIS w as 500,000 per year. From 2012-
13 the maximum has been changed to 1m per year.
Total f igures provided in this table are not directly comparable w ith the f igures in Table 8.1. For more information please refer to
the commentary note.



32
Seed Enterprise Investment Scheme: Table 8.11

Seed Enterprise Investment Scheme
Table 8.11: Number of companies raising funds, number of subscriptions and amounts
raised, from 2012-13 to 2015-161
Claims data received by September 20172
Numbers: actual; Amounts: million
Year2
Companies
raising funds for
f irst time
All companies
raising funds
Subscriptions 3
Companies raising
funds for f irst time
All companies
raising funds
Number
Number
Number
Amount
Amount
2012-13r
1,175
1,175
7,855
87.0
87.0
2013-14r
1,815
2,130
32,875
155.5
174.1
2014-15r
1,875
2,365
33,450
156.0
179.6
2015-16p
1,800
2,360
30,460
154.2
180.1




All Years
6,665
** 4
104,640
552.7
620.8
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
Source: SEIS1 forms
3. The number of subscriptions is not equal to the number of investors as an individual can invest in more than one company.
2. Companies have a period of several years after shares are issued to submit an SEIS1 compliance statement. Claims received for
2016-17 are currently excluded.
4. The total is not given as companies may raise funds in more than one year.


33
Seed Enterprise Investment Scheme: Table 8.12

Seed Enterprise Investment Scheme
Claims data received by September 20172
Numbers: actual; Amounts: million
Industry 3
2013-2014r
2014-2015r
2015-2016p
Number
Amount
Number
Amount
Number
Amount
Agriculture, forestry and f ishing
15
2.0
15
1.4
10
1.4
Hi Tech Companies 4
715
57.5
805
60.4
765
60.4
Energy & Water Supply
55
5.8
55
4.5
40
3.3
Manufacturing
190
12.7
205
12.8
185
13.4
Construction
30
2.3
15
1.0
15
1.1
Distribution, restaurants and catering
250
20.5
225
16.6
195
13.7
Transport and communication
45
4.6
55
5.5
25
2.1
Business services
475
38.3
695
52.6
850
64.1


Recreational activities
280
25.0
245
21.1
195
14.5
Other services
80
5.3
55
3.7
75
6.0
Total
2,130
174.1
2,365
179.6
2,360
180.1
Source: SEIS1 forms
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
2. Companies have a period of several years after shares are issued to submit an SEIS1 compliance statement. Claims
received for 2016-17 are currently excluded.
3.Trade Classif ication Numbers (TCNs) are used to identify the type of trade carried out by the company. It should be
taken into account that the most recent TCN data available have been used and some companies could have changed
their trade since submitting their SEIS1 forms.
4. Hi Tech Companies is not a category identif ied by the Trade Classif ication system. This category includes selected
companies from other industry groups involved in activities such as research and development, chemicals and computer
consultancy.
Table 8.12: Number of companies and amount of funds raised, by industry, from 2013-141 to
2015-16p




34
Seed Enterprise Investment Scheme: Table 8.12a

Seed Enterprise Investment Scheme
Table 8.12a: Number of companies and amount of funds raised, by industry (SIC), from 2013-141 to 2015-16p
Claims data received by September 20172
Numbers: actual; Amounts: million
Industry 3
2013-2014r
2014-2015r
2015-2016 p
Number
Amount
Number
Amount
Number
Amount
A. Agriculture, Forestry, Fishing; B. Mining and Quarrying
15
1.8
20
2.3
15
1.4
C. Manufacturing
185
13.6
210
14.5
145
11.1
D. Electricity, Gas, Steam and Air Conditioning
25
2.9
20
1.4
*
*
E. Water, Sew erage and Waste
5
0.6
5
0.4
*
*
F. Construction
35
3.4
15
1.0
15
1.0
G. Wholesale and Retail Trade, Repairs
250
16.8
250
16.7
175
11.6
H. Transport and Storage
15
1.1
10
1.0
5
0.2
I. Accommodation and Food
100
9.1
100
8.1
60
5.5
J. Information and Communication
775
70.4
810
63.2
545
41.7
K. Financial and Insurance
35
3.3
45
4.2
30
2.4
L. Real Estate
15
1.1
20
1.4
15
1.1
M. Professional, Scientif ic & Technical
275
21.0
265
19.0
165
11.0
N. Admin & Support; O. Public Admin, Defence & Social
130
9.2
165
13.9
105
7.7
P. Education
35
2.7
35
2.3
15
1.0
Q. Health and Social Work
20
1.2
25
1.5
20
1.5
R. Arts, Entertainment and Recreation
75
6.1
85
6.7
40
2.7
S. Other services activities; T. Households; U. Overseas
85
5.9
110
8.1
70
5.5
Unknow n SIC2007
55
3.9
175
14.0
930
74.0












Total
2,130
174.1
2,365
179.6
2,360
180.1
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
* Values suppressed w here the number of companies is very small, in line w ith HMRC's disclosure policy.
`
1. Tax year ending 5 April.
Source: SEIS1 forms, Inter-Departmental Business Register (IDBR) survey and Companies House database
2. Companies have a period of several years after shares are issued to submit an SEIS1 compliance statement. Claims received for 2016-
17 and 2017-18 are currently excluded.
3. Standard Industry Classif ication 2007 (SIC 2007) codes are used to identify the type of trade carried out by the company. The resulting
f igures should be treated w ith caution because the most recent SIC 2007 data have been used and some companies could have changed
their trade since submitting their SEIS1 forms.
This table is classif ied as Official Statistics.





35
Seed Enterprise Investment Scheme: Table 8.13

Seed Enterprise Investment Scheme
Table 8.13: Number of companies and amount of funds raised, by size of funds,
from 2013-141 to 2015-16p
Claims data received by September 20172
Size of funds raised per company
2013-14r
2014-2015r
2015-2016p
(Upper limit)
Number
Amount
Number
Amount
Number
Amount
actual
million
actual
million
actual
million
10,000
185
1.1
215
1.4
215
1.4
25,000
285
5.5
325
6.2
335
6.4
50,000
395
15.9
505
20.2
500
19.8
100,000
480
38.4
545
42.7
550
43.0
150,000
785
113.2
770
109.1
765
109.5








Total
2,130
174.1
2,365
179.6
2,360
180.1
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
3. Companies must have raised no more than 150,000 in total from SEIS.
2. Companies have a period of several years after shares are issued to submit an SEIS1 compliance statement. Claims
received for 2016-17 are currently excluded.
Source: SEIS1 forms



36
Seed Enterprise Investment Scheme: Table 8.14

Seed Enterprise Investment Scheme
Claims data received by September 20172
Numbers: actual; Amounts: million
Government Office Region 3
2013-14r
2014-2015r
2015-2016p
Number
Amount
Number
Amount
Number
Amount
England
1,990
163.2
2,210
168.1
2,225
171.4

- North East
40
2.2
40
2.1
45
2.6
- North West
125
9.5
135
9.8
130
9.1
- Yorkshire & the Humber
35
2.5
50
3.1
45
3.4
- East Midlands
85
6.0
60
4.2
50
4.4
- West Midlands
95
6.9
105
8.3
95
6.9
- South West
155
11.3
155
10.2
160
11.9
- East of England
140
9.8
185
13.9
175
13.9
- London
915
81.8
1,045
81.4
1,105
86.1
- South East
395
33.0
440
35.0
415
32.9

Wales
40
3.6
55
4.7
40
2.3
Scotland
70
4.7
70
4.4
65
4.2
Northern Ireland
25
1.9
30
2.1
15
0.9
Channel Islands / Isle of Man
*
*
*
*
*
*
Unknow n
*
*
*
*
10
1.2

Total
2,130
174.1
2,365
179.6
2,360
180.1
Source: SEIS1 forms
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
* Values suppressed w here the number of companies is very small, in line w ith HMRC's disclosure policy.
`
2. Companies have a period of several years after shares are issued to submit an SEIS1 compliance statement. Claims
received for 2016-17 are currently excluded.
1. Tax year ending 5 April.
3. The regional breakdow n is based on the registered address of the company, w hich may differ from the
region in w hich the investment took place. For more information on GOR codes see w w w .ons.gov.uk
Table 8.14: Number of companies and amount of funds raised, by region, from 2013-141 to
2015-16p


37
Seed Enterprise Investment Scheme: Table 8.15

Seed Enterprise Investment scheme
Table 8.15: Income tax relief, distribution of investors and amount of investment on which relief
was claimed, from 2013-141 to 2015-16p
Size of investment in year2
2013-14r
2014-2015r
2015-2016p
(Upper limit)
Investors
Amount of
Investors
Amount of
Investors
Amount of

investment
investment
investment
actual
m
actual
m
actual
m
500
620
0.2
780
0.2
985
0.2
1,000
445
0.4
595
0.5
550
0.5
2,500
650
1.2
795
1.4
805
1.5
5,000
1,090
4.7
1,215
5.1
1,190
4.9
10,000
1,425
12.2
1,760
14.9
1,690
14.3
15,000
775
10.0
885
11.5
840
10.9
20,000
575
10.7
675
12.6
635
11.9
25,000
515
12.2
520
12.4
545
12.9
50,000
1,120
42.9
1,120
42.6
1,085
41.4
75,000
305
19.2
355
22.7
300
18.8
100,000
355
33.9
330
31.5
300
28.8












Total
7,870
147.7
9,025
155.5
8,930
146.3
Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5 and amounts are rounded to the nearest 0.1m. Totals may not sum due to rounding.
p. Provisional
r. Revised
`
1. Tax year ending 5 April.
2. The maximum total investment eligible for income tax relief under SEIS is 100,000 per year.
Total f igures provided in this table are not directly comparable w ith the f igures in Table 8.11. For more information please refer
to the commentary note.
Source: Self Assessment Returns





38
Social Investment Tax Relief: Table 8.21

Social Investment Tax Relief
Number; actual Amounts; millions
Year
Enterprises raising
funds
Funds raised
Number
Amount
2014-15
5
0.5

2015-16p
25
2.3

Total
**2
2.8

Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5.
Amount is rounded to the nearest 0.1 million
Totals may not sum due to rounding.
p. Provisional.
1. Tax year runs from the 6th April in one year to 5th April the follow ing year.
2. The total is not given as enterprises may raise funds in more than one year.
This table is classif ied as Official Statistics.
Table 8.21: Number of enterprises raising funds
and amounts raised, from 2014-151 to 2015-16p
Source: SITR1 forms


39
Social Investment Tax Relief: Table 8.21a

Social Investment Tax Relief
Numbers: actual
Year
2014-15
2015-16
2016-17p
Total
Number
Number
Number
Number
Enterprises seeking advance assurance
20
65
170
* 2
AARs applications received
20
65
170
260
Of w hich:
Applications approved
15
45
120
180
Applications rejected
10
20
50
75
Applications not pursued
0
0
5
5

Statistics in this table are consistent w ith HMRC's policies on dominance and disclosure.
Numbers are rounded to the nearest 5. Totals may not sum due to rounding.
p. Provisional
1. Tax year runs from the 6th April in one year to 5th April the follow ing year.
2. The total is not given as enterprises may seek assurance in more than one year.
This table is classif ied as Official Statistics.
Table 8.21a: Number of enterprises seeking advance assurance, number of
applications received, approved and rejected, from 2014-151 to 2016-17p
Source: SITR(AA)