VCM0044

Written evidence submitted by Enterprise Investment Scheme Association (EISA)

Q44 Kevin Hollinrake: Christiana, according to our table, since 2018 VCT investment in Yorkshire and the Humber has been 1% of the total of VCT investment. Bear in mind that Yorkshire and the Humber is about 8% of the UK population, so that is quite a low figure. Do you know the comparable figures for EIS and SEIS by region?

According to the most recent data from HMRC, 2% of EIS funds and 3% of SEIS funds were invested in Yorkshire and the Humber in 2020-21.[1] The full details of EIS and SEIS investments by region since 2018 can be found in the tables below. The source of the data is HMRC [2].

Amount of funds raised by region

Table 1: Amount of EIS funds raised by region, 2018-19 to 2020-21

Regional allocation is based on the postcode of the company's registered address, which might not correspond to where the investment took place. Amounts have been rounded to the nearest million. Totals may not sum due to rounding.

Government Office Region	2018-19	2019-20	2020-21
North East	15	17	15
North West	85	92	89
Yorkshire and the Humber	42	46	38
East Midlands	32	22	33
West Midlands	51	56	42
East of England	200	154	137
London	912	967	836
South East	300	287	242
South West	97	95	67
Wales	39	42	33
Scotland	77	89	70
Northern Ireland	14	12	11
Channel Islands / Isle of Man	<1	3	<1
Unknown	1	8	44
Total	1,866	1,890	1,658

Table 2: Amount of SEIS funds raised by region, 2018-19 to 2020-21

Government Office Region	2018-19	2019-20	2020-21
North East	2	3	2
North West	8	9	8
Yorkshire and the Humber	4	5	5
East Midlands	4	4	4
West Midlands	5	6	4
East of England	11	13	11
London	86	83	93
South East	28	24	27
South West	13	12	8
Wales	4	3	3
Scotland	5	4	6
Northern Ireland	1	2	2
Channel Islands / Isle of Man	0	0	0
Unknown	<1	2	3
Total	170	169	175

Table 3: Amount of EIS funds raised by region as a percentage

Regional allocation is based on the postcode of the company's registered address, which might not correspond to where the investment took place. Data is shown as a percentage of total EIS funds raised.

Government Office Region	2018-19	2019-20	2020-21
North East	1	1	1
North West	5	5	5
Yorkshire and the Humber	2	2	2
East Midlands	2	1	2
West Midlands	3	3	3
East of England	11	8	8
London	49	51	50
South East	16	15	15
South West	5	5	4
Wales	2	2	2
Scotland	4	5	4
Northern Ireland	1	1	1
Channel Islands / Isle of Man	0	0	0
Unknown	0	0	3

Table 4: Amount of SEIS funds raised by region as a percentage

Government Office Region	2018-19	2019-20	2020-21
North East	1	2	1
North West	5	5	5
Yorkshire and the Humber	2	3	3
East Midlands	2	2	2
West Midlands	3	4	2
East of England	6	8	6
London	50	49	53
South East	16	14	15
South West	8	7	5
Wales	2	2	2
Scotland	3	2	3
Northern Ireland	1	1	1
Channel Islands / Isle of Man	0	0	0
Unknown	1	1	2

Number of companies raising funds by region

Table 5: Number of EIS companies raising funds by region, 2018-19 to 2020-21

Regional allocation is based on the postcode of the company's registered address, which might not correspond to where the investment took place. Numbers have been rounded to the nearest 5. Totals may not sum due to rounding.

Government Office Region	2018-19	2019-20	2020-21
North East	45	60	50
North West	200	210	190
Yorkshire and the Humber	95	105	90
East Midlands	95	75	80
West Midlands	135	140	120
East of England	350	340	290
London	1,930	1,940	1,805
South East	660	675	555
South West	225	245	180
Wales	85	80	80
Scotland	195	215	185
Northern Ireland	40	40	40
Channel Islands / Isle of Man	<5	<5	<5
Unknown	5	25	90
Total	4,065	4,165	3,755

Table 6: Number of SEIS companies raising funds by region, 2018-19 to 2020-21

Government Office Region	2018-19	2019-20	2020-21
North East	30	30	20
North West	110	115	95
Yorkshire and the Humber	55	70	60
East Midlands	50	45	50
West Midlands	80	85	70
East of England	135	160	120
London	1,015	985	1,055
South East	340	285	310
South West	160	155	115
Wales	45	30	35
Scotland	75	65	75
Northern Ireland	15	20	20
Channel Islands / Isle of Man	0	0	0
Unknown	<5	25	35
Total	2,110	2,070	2,065

Table 7: Number of EIS companies raising funds by region as a percentage

Government Office Region	2018-19	2019-20	2020-21
North East	1	1	1
North West	5	5	5
Yorkshire and the Humber	2	3	2
East Midlands	2	2	2
West Midlands	3	3	3
East of England	9	8	8
London	47	47	48
South East	16	16	15
South West	6	6	5
Wales	2	2	2
Scotland	5	5	5
Northern Ireland	1	1	1
Channel Islands / Isle of Man	0	0	0
Unknown	0	1	2

Table 8: Number of SEIS companies raising funds by region as a percentage

Government Office Region	2018-19	2019-20	2020-21
North East	1	1	1
North West	5	6	5
Yorkshire and the Humber	3	3	3
East Midlands	2	2	2
West Midlands	4	4	3
East of England	6	8	6
London	48	48	51
South East	16	14	15
South West	8	7	6
Wales	2	1	2
Scotland	4	3	4
Northern Ireland	1	1	1
Channel Islands / Isle of Man	0	0	0
Unknown	0	1	2

July 2022