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26 September 2011
Brussels has given the Treasury the go-ahead to expand the Enterprise Investment Scheme (EIS). By reducing the tax investors pay when backing high-risk companies, it’s designed to increase investments in them. The government argues the scheme will create more high growth firms: the seven per cent of firms who create half of all new jobs. It’s a big win for NESTA (sponsors of our Big Innovation Centre) who have been highlighting the importance of these firms for some time.