UK scaleups should HMRC-proof their business plans before a slow, hot summer
- On June 22, 2022
- By GrowthInvest Marketing
News of the big tech valuation reductions in the U.S. might have you holding your breath as a startup founder. The change in narrative may suggest a slow summer ahead, and speculative investment will prove unpopular.
That said, KPMG’s latest venture capital report reveals a rich environment for British startups to succeed. Scaleups raised over £6.9 billion between January and March alone. Competition will be hot.
In response to this new environment, founders should do everything they can to make investment decisions easier for VCs and angels. In the U.K., the HMRC’s Enterprise Investment and Seed Enterprise Investment Schemes (SEIS and EIS) present one of the best ways to do this, as they offer tax-relief benefits to early-stage investors, which could give them the nudge to take the plunge.
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