Baker Tilly generates 15 per cent return for investors on first EIIS fund

In total, the accounting firm has raised almost €70 million in funding for SMEs through EIIS schemes in the last seven years

Mark Richardson, partner and fund manager at Baker Tilly: ‘We give firms the money . . . they give us shares in the company, and when they pay back the money we hand the shares back’. Picture: Maura Hickey.

Accounting firm Baker Tilly has generated 15 per cent profit for investors after exiting its first Employment Incentive and Investment Scheme (EIIS) fund.

The Goodbody 2015 EIIS Fund in conjunction with Baker Tilly was launched seven years ago as a partnership between the two firms, investing in a number of Irish small and medium sized businesses.

The first investments in the fund were due to exit in April 2020, however, because of Covid-19, it has ...