Seed Enterprise Investment Scheme must be overhauled, say experts
- On May 4, 2022
- By GrowthInvest Marketing
Tax-based funding scheme for start-ups is ‘out of date’ says lobby group Coadec as investor SFC Capital calls for investment cap to be doubled to £300,000
xperts are calling on reforms to the Seed Enterprise Investment Scheme (SEIS) as funding rounds into seed-stage start-ups plateau.
There were 1,635 first-time seed-stage deals completed in 2021, up only 1.2 per cent from 2020’s deal volume and an 18 per cent decline since 2018.
That contrasts with the trend in later-stage funding, as the volume of investment deals worth over £1m almost doubled between 2020 and 2021, jumping from £495m to £989m, according to Beauhurst.
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