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?
External link
The Growth Plan 2022: policy paper
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