British universities are recognised globally as producing some of the most cutting-edge inventions and academic successes from DNA at Cambridge and graphene in Manchester, to fibre optics at Imperial College London. Technological innovations like quantum computing, genomics and projectile fusion are on course to change the world.

But this type of deep tech or clean tech could also be game-changing for UK productivity and go on to employ tens of thousands of people in the jobs of tomorrow. This, combined with the considerable tax reliefs on offer, makes the EIS a truly unique and valuable prospect for the UK economy, start-up ecosystem and investors alike.

Moray Wright is chief executive of Parkwalk Advisors