The Best EIS Success Stories of 2024

The Enterprise Investment Scheme (EIS) has long been a staple of the UK's efforts to foster innovation in small, high-growth companies. For investors, it offers unparalleled opportunities, combining the satisfaction of supporting homegrown businesses with a robust package of tax relief. The year 2024 has been another shining example of how EIS can unlock exceptional potential for both businesses and investors. From groundbreaking startups to industry-transforming technologies, this year’s EIS success stories illustrate why this scheme remains one of the most attractive investment platforms available.

Whether you're an investor seeking high returns, a high-net-worth individual looking to diversify your portfolio, or a startup exploring EIS for raising funds, this list highlights some of the most exciting EIS-backed companies of 2024.

What Makes an EIS Investment Successful?

Before we explore this year's success stories, it’s worth understanding what constitutes a “successful” EIS investment. A successful EIS company doesn’t just deliver stellar financial returns; it also drives innovation, creates jobs, and potentially transforms industries. Investors benefit from significant tax reliefs (30% income tax relief, capital gains tax deferral, and inheritance tax benefits), as well as the potential for high returns when these companies succeed.

The best EIS companies typically embody:

• High Growth Potential: Startups with the ability to scale rapidly.

• Disruptive Innovation: Technologies or models that challenge the status quo.

• Strong Leadership: A visionary team with a track record of success.

With these criteria in mind, here are the top EIS success stories from 2024.

1. CleanTech Revolution Ltd

What They Do:

CleanTech Revolution Ltd has emerged as a pioneer in the renewable energy sector, focusing on efficient solar technology and storage solutions. Their innovative solar panel design increases energy capture by 40%, significantly outperforming industry standards.

EIS Impact:

Through EIS funding, CleanTech Revolution expanded their production facilities and scaled their operations internationally. The investments made through EIS enabled the company to secure contracts with major UK housing developers, incorporating their technology into new-build solar-powered homes.

Success Metrics:

• Revenue growth of over 120% in 2024.

• Secured a £20 million Series A funding round.

• Projected to save 1.5 million tonnes of carbon emissions annually by 2028.

For investors, CleanTech Revolution offered attractive financial returns while simultaneously addressing one of the most pressing issues of our time—climate change.

2. HealthGen AI

What They Do:

HealthGen AI develops artificial intelligence platforms for predictive healthcare diagnostics. Their software uses machine learning to identify diseases earlier, saving lives and reducing treatment costs.

EIS Impact:

EIS funding was instrumental in scaling their R&D efforts. With support from investors, HealthGen AI launched pilots within NHS facilities, demonstrating how their technology could reduce diagnostic timelines by up to 70%.

Success Metrics:

• Valuation tripled within 18 months, reaching £50 million.

• Expanded deployment to 30 healthcare trusts across the UK.

• Featured on the UK Government's list of high-impact innovations.

For those who invested, HealthGen AI presented a winning combination of financial reward and meaningful societal impact.

3. EcoDelivery Solutions

What They Do:

EcoDelivery Solutions is tackling the carbon footprint of logistics, offering a zero-emission delivery service powered by electric cargo bikes and AI route optimisation.

EIS Impact:

EIS-backed funding empowered EcoDelivery Solutions to develop their route-optimisation algorithms and expand to four major UK cities. The company focused on reducing delivery times and achieving a 99% on-time performance rate, becoming a go-to service for many e-commerce platforms.

Success Metrics:

• 15% reduction in costs for business clients using their service.

• Signed partnerships with over 100 businesses, ranging from boutique retailers to national brands.

• Delivered over 500,000 parcels in 2024 with zero emissions.

Investors benefitted from both the financial upside and their role in advancing sustainability in the logistics industry.

4. EdTech Innovators

What They Do:

EdTech Innovators provides immersive e-learning platforms that integrate virtual reality for more engaging education and training experiences.

EIS Impact:

With EIS funding, EdTech Innovators refined their software and expanded their content catalogue to cover vocational training, soft skills, and custom corporate training modules. Their unique technology captured the interest of international clients and government institutions alike.

Success Metrics:

• Raised an additional £10 million in post-EIS funding.

• Partnered with 50 enterprises for corporate training programmes.

• Helped 200,000 users gain new skills in 2024, including underserved communities.

This investment offered excellent returns to investors while contributing to reshaping the education landscape.

5. FoodFuse

What They Do:

FoodFuse is transforming food waste into affordable, nutritious meal kits through innovative preservation and preparation techniques.

EIS Impact:

EIS capital allowed FoodFuse to optimise their production facilities and roll out pilot schemes in 10 UK cities. Their strategies cut food waste in homes by 30% and dramatically improved public awareness about sustainable food consumption.

Success Metrics:

• 300% revenue growth since 2022.

• Reduced potential waste of 50,000 tonnes of food across UK households in 2024 alone.

• Expanded market share, making affordable healthy eating accessible nationwide.

For investors who prioritised both impactful and profitable ventures, FoodFuse proved an unbeatable choice.

Why EIS Continues to Drive Transformative Change

The Enterprise Investment Scheme continues to act as a catalyst for innovation and growth across various industries. Investing in EIS companies in 2024 has once again highlighted the scheme’s unique ability to balance financial incentives with economic and societal progress. Without EIS, groundbreaking companies like CleanTech Revolution, HealthGen AI, and FoodFuse might not have had the means to achieve their true potential.

While high-growth startups still carry inherent risks, government-backed initiatives like EIS help mitigate those, making it easier than ever for savvy investors to support the next big innovation.

Taking the First Step Towards Investing in EIS

The EIS success stories of 2024 showcase how this scheme is not just about returns but about shaping the future of industries and creating a better world. From sustainability and healthcare to logistics and education, EIS-backed companies are solving global challenges while offering strong financial 

incentives.

If you're considering diversifying your portfolio with EIS—but aren't sure where to start—it’s crucial to consult with experts. An experienced advisor can help you identify opportunities that align with your investment goals and risk appetite.

Are you ready to support the next wave of UK innovation and secure valuable tax reliefs? Contact [Your Advisory Firm Name Here] today to explore the best EIS opportunities.