Should I raise £150K now or £250K later?
In April 2023 the SEIS limit changes from £150K to £250K. That's awesome. But those changes haven't yet become law. So s...
HMRC have, this week, released their statistics for companies raising funds covering the tax year 2017-2018.
2017-2018 has seen another bumper year for EIS with fundraising reaching record highs and for the first time, potentially topping the £2Bn mark in a single tax year. EIS continues to be a success story in helping entrepreneurs, start up and scale up businesses achieve their funding needs.
Interestingly, the figures also show that an increasing number of companies are using EIS not just for initial funding but also for follow on, second or third round funding proving that EIS is a popular and well established funding option and that the experience of raising money via EIS is usually a positive one.
The highlights from the HMRC report are below:
Read the full report: HMRC SEIS & EIS Statistics Report 2019