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Nice information for all you early stage startups – the SEIS restrict has been up to date and elevated to £250k from £150k.
Listed below are the small print:
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Corporations can now increase £250,000 in SEIS – beforehand £150,000
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Corporations can increase SEIS inside the first 3 years of buying and selling – beforehand 2 years
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Corporations should have lower than £350,000 in gross property to have the ability to increase SEIS – beforehand £200,000
If you happen to’ve already raised the present most of £150,000 in SEIS, you’ll be able to increase as much as £100,000 extra so long as:
your organization has been buying and selling for lower than 3 years on the date the shares are issued (which will likely be on or after 6 April 2023), and also you haven’t issued EIS shares but
Right here’s a hyperlink to Seed Authorized’s weblog
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