We Need More Noise About SEIS
- On August 4, 2017
- By GrowthInvest Admin
Nix & Kix are a perfect example of how SEIS encourages investment in early stage businesses and gives them the time to create innovation, proof points, employment and exports. They began as a soft drinks manufacturer experimenting in a domestic kitchen and have become a brand stocked in approximately 400 outlets, including Selfridges and Ocado as well as growing their brand in to stores in Austria and the Netherlands.
The Enterprise Investment Scheme (EIS) was set up in 1994, it has been maintained by our government throughout the years, and is established as a part of tax legislation that neither of the main parties would be likely to compromise. The Seed Enterprise Investment Scheme (SEIS), established in 2012, is an extension of EIS and offers even more generous reliefs.
Sadly, SEIS is insufficiently well known by investors and their advisers, there is not enough recognition of how well SEIS tax reliefs mitigate the risk that accompanies investing in start-up businesses – a high-risk asset class.
There are different sets of criteria that businesses need to meet in order to qualify for SEIS & EIS funding, and accordingly SEIS & EIS are accompanied by a variety of benefits. To find out what criteria a business needs to meet to qualify, or the variety of benefits investors are entitled to through these schemes visit our SEIS & EIS information page.
Read the full article here.
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