Maven Capital Partners, the private equity division of SIPP and Financial Planning firm Mattioli Woods, has acquired EIS manager Newable Ventures Limited as part of a move into the Enterprise Investment Scheme market.

Triple Point, which provides investment solutions for private and institutional investors, has announced the first investment of its Impact EIS managed service of up to £250,000 in MWS Technology.

Chancellor Philip Hammond MP has doubled the annual investment limit for Enterprise Investment Schemes from £1m to £2m, as long as those schemes are hi-tech ‘knowledge-intensive companies.’

A former Financial Planner is urging the Government to reverse rule changes which he labelled “harmful to the UK’s business and enterprise sector”, as new figures showed a drop of £230m in EIS fundraising in 2015-16.