Seed Enterprise Investment Scheme

Small and Medium Firms Raise over £1bn in Investment through EIS tax incentive scheme

More than a thousand start-ups obtain finance through the Seed Enterprise Investment Scheme The government’s Enterprise Investment Scheme (EIS), which launched in 1993 but was revised in 2012, has funded 2,400 small and mid-sized firms with investment totalling over £1bn, according to a new report. Additionally, EIS sister programme the Seed Enterprise Scheme (SEIS), which launched in 2012, has been found to have backed funding in 1,120 start-ups with investment totalling£83.7m altogether. In 2012 the government reformed EIS, enabling investors to fund larger businesses with more investment and to receive better tax breaks. The changes included increasing the maximum investment to £1m, eligibility to companies with staff numbers of up to 250 and revenues to £15m. Since the changes were int... »