On EIS Investments, are there any options in the event that funds are not totally spent wthin two year time limit?
Has it been two years since you started trading or two years since you raised the finance? You may have a little more time if you're measuring two years since the money was raised and started trading afterwards.
Also take a look at this guide for some additional wiggle room around what the tax tribunal considers to be the exact definition of the funds being "Employed":
Is the company a KIC?