As part of his plans to promote growth in the economy, Chancellor Kwasi Kwarteng announced extensions to the Seed Enterprise Investment Scheme (SEIS) in his mini-budget on 23 September 2022.
From April 2023:
- Companies will be able to raise up to £250,000 of SEIS investment. The current limit is £150,000.
- The gross asset limit will be increased from £200,000 to £350,000 and the trading time limit from two to three years.
- The individual annual investor limit of £100,000 will be doubled to £200,000.
Useful guides on this topic
Mini-budget 2022: at a glance
A summary for SMEs and their owners
SEIS: Seed Enterprise Investment Scheme (subscribers)
When can SEIS relief be claimed? What are the conditions for SEIS relief? What are the benefits of SEIS relief?
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