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.

The Enterprise Investment Scheme Association has revealed its winner for best tax adviser of the year, among a range of industry awards.

A former Financial Planner hopes to entice more Financial Planning professionals to become members of the EIS Association with a cut in fees for advisers and wealth managers.

A total of £1.81billion of funds was raised under the Enterprise Investment Scheme by 3,265 companies 2014-15, new figures showed this morning.