Seed Enterprise Investment Schemes: Hoping for Fiery Dragons and Angels’ Wings
The new Seed Enterprise Investment Scheme (SEIS) was introduced in the Autumn budget 2011. The new scheme is part of the Government’s plan to promote business growth amongst start-up companies in the United Kingdom.
While the older Enterprise Investment Schemes (EIS) and the Venture Capital Trusts (VCT) remain in existence; the new SEIS provides some additional tax advantages which may incentivise a broader spectrum of investors in small scale start up companies. In short, it may be seen as a step before larger scale EIS schemes that have been around for a few years now. As such it may attract alternative investment funding from “Dragons” and or “Angels”.