HMRC statistics reveal an increased trend in equity funding through EIS and SEIS
HMRC has recently released new statistics which show an increase in equity funding through Enterprise Investment Schemes (EIS) as well as Seed Investment Schemes (SEIS).
Smaller businesses are sometimes seen as a higher risk for investment and can often experience some difficulty in raising capital. Fortunately, there are two key government tax breaks designed to support growth that here at Clear Vision Financial Management, we can help business owners to take advantage of.
What is an Enterprise Investment Scheme (EIS) or Seed Enterprise Investment Scheme (SEIS)?
The Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) provide tax incentives for investors that are designed to encourage equity investment in unlisted trading companies in the UK. Companies that take advantage of these schemes will significantly increase their chances of investment, and investors will be rewarded for taking a greater risk.
An increase in equity funding through EIS and SEIS
Did you know that since the launch of the tax relief schemes in 1994 and 2012 respectively, over the years they’ve collectively raised over £21 billion for more than 42,000 companies?
An increase during the course of the 2017-18 tax year has seen funding for both the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) tax reliefs surpass the £2.1 billion mark.
Looking for help with finance solutions? Contact Clear Vision!
We can work with you to confirm your eligibility for either an SEIS or EIS scheme and go on to prepare your applications, answer any questions raised by the HMRC and ensure you receive your Advance Assurance under your chosen scheme.