Government supporter of the SEIS scheme, Brooks Newmark MP makes his first SEIS Investment with Seed EIS Platform.
- On March 7, 2014
- By Ajency Admin
Aspiring start up Recyclabook Ltd funded by Brooks Newmark MP on GrowthInvest.
At GrowthInvest we are pleased to have worked closely with Brooks Newmark MP in making his first SEIS investment in Recyclabook Ltd.
Brooks Newmark, Conservative MP for Braintree, and former Senior Partner at Apollo Management LP, is the Governments lead supporter of the SEIS scheme. Designed to help boost economic growth in the UK through the promotion of entrepreneurship, the SEIS scheme aims to help SME’s obtain funding that has previously been a struggle through other mediums such as bank loans. The SEIS scheme also offers generous tax benefits to investors while simultaneously encouraging investment in UK early stage businesses.
Recyclabook Ltd have been successful in securing their initial investment from Brooks Newmark MP after exceeding forecasts in their recent proof of concept. The business far surpassed their expectations on both the value of books bought and sold.
“As someone who is a keen advocate of the SEIS initiative, I am delighted to make my first SEIS investment in Recyclabook Ltd and look forward to working with Tom and James” Brooks Newmark MP.
Recyclabook Ltd provides an innovative and award- winning book selling services aimed specifically at students. The service aims to buy used textbooks from students who no longer need them, and sell them onto new students at highly competitive prices; prices which promise to beat all other textbook providers.
The directors are two young, dedicated and budding entrepreneurs Tom Williams and James Seear who won a Young Start Up Talent award in January with this concept.
“We’re incredibly happy to have secured investment from someone like Brooks, who is so well established and understands the problems that start up businesses face. Working with the guys at GrowthInvest we we’re able to get funding not just when we needed it, but from the right individual. It’s been a great journey so far, selling books to over 26 countries worldwide. The whole team is looking forward to making Recyclabook an established and trusted brand for students across the globe.” Tom Williams, Managing Director Recyclabook.
Recyclabook are now preparing to come to market in September when the Recyclabook tour will begin; visiting 50 universities and exposing them to an audience of over 1.6 million students.
For all investment opportunities and to register with the platform please visit www.growthinvest.com or call a member of the team on 01344 747418.
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