Brave investors fancying a punt in a tax-saving Enterprise Investment Scheme (EIS) should be cheered by the story of Po Na Na. The late-night bars company was launched with an initial 10p subscription, but shares have since reached 250p.

Traditional Free Houses was launched as an EIS-backed company 18 months ago and Capital Pub EIS was launched last month, looking for £10m to open at least 12 outlets in London.

Sunday Business 25/03/01

page 23 (Sunday Investor)