Starting a new business is not without its challenges, particularly when it comes to securing financing. So, any support to relieve some of this pressure, such as the Seed Enterprise Investment Scheme (SEIS), is gladly received.
What is the SEIS?
Launched in 2012, the Seed Enterprise Investment Scheme (SEIS) aims to promote investment in early-stage, high-risk start-ups by offering tax relief incentives to individual investors.
SEIS supports businesses in raising capital during their first two years by providing attractive tax benefits to investors acquiring new shares.
Gaining SEIS approval can bolster your start-up’s standing and trustworthiness among investors and the broader business community, while also facilitating connections with potential investors, forward-thinkers, and industry leaders.
This supplementary assistance cultivates growth and progress, laying a solid groundwork for the start-up’s success.
Are you eligible?
Before applying for SEIS, it is crucial to verify if your company is eligible for funding.
Your business can use the scheme if:
Your company and any of its subsidiaries must:
What are the latest changes to SEIS?
Effective from 6 April 2023, the following amendments have been made to SEIS:
SEIS remains crucial in supporting UK start-ups by offering essential aid to early-stage companies and attractive tax incentives to individual investors.
Whether you are an investor seeking promising ventures or a start-up requiring financial support, SEIS could be the ideal solution for accomplishing your objectives.
Are you considering applying for SEIS funding for your start-up? Get in touch today for more information.
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