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Knowledge intensive companies (KICs) enjoy some advantages in terms of raising finance under EIS. They enjoy a more favourable limit to the:

1. Ìý

   •ÌýÌýÌýÌý amount of relevant investment that can be raised, of £20m in total and £10m in any 12 month period (see E3.118), and

2. Ìý

   •ÌýÌýÌýÌý age of the company, of ten years (see E3.120A), and

3. Ìý

   •ÌýÌýÌýÌý number of full time equivalent employees, of 500 (see E3.134)

Similarly a qualifying investor also enjoys a more favourable maximum limit on the amount of EIS investment that can be made in a tax year of £2m.

The definition of such KICs is based on criteria concerning the:

1. Ìý

   •ÌýÌýÌýÌý percentage of costs represented by research and development

2. Ìý

   •ÌýÌýÌýÌý creation of intellectual property as a basis for future business activity

3. Ìý

   •ÌýÌýÌýÌý percentage of skilled employees on the payroll

To be a KIC at the time of investment the issuing company must meet at least¹:

1. Ìý

   •ÌýÌýÌýÌý one of the two operating costs conditions, and

2. Ìý

   •