Seed Enterprise Investment Scheme - Budget 15th April 2023
16/03/23 13:49
Seed Enterprise Investment Scheme - Budget 15th April 2023
One item of goof news for startups!
There are increasing limits and availability of the Seed Enterprise Investment Scheme (SEIS) for startups.
The changes take effect from 6 April 2023.
One item of goof news for startups!
There are increasing limits and availability of the Seed Enterprise Investment Scheme (SEIS) for startups.
- The level of investment that startup companies will be able to raise under the SEIS will increase from £150,000 to £250,000.
- The gross asset limit will be increased from £200,000 to £350,000.
- The investment must be made within 3 years (increased from 2 years) of trade commencing.
- In a move to encourage further support for these changes, the annual investor limit will be doubled to £200,000.
The changes take effect from 6 April 2023.