--- title: "You can now raise £250K SEIS" id: "43555" type: "post" slug: "you-can-now-raise-250k-seis-but-wait-till-july-to-do-the-seis-eis-compliance" published_at: "2023-04-09T22:47:13+00:00" modified_at: "2023-07-19T16:00:15+00:00" url: "https://seedlegals.com/resources/you-can-now-raise-250k-seis-but-wait-till-july-to-do-the-seis-eis-compliance/" markdown_url: "https://seedlegals.com/resources/you-can-now-raise-250k-seis-but-wait-till-july-to-do-the-seis-eis-compliance.md" excerpt: "Everything you need to know about the new £250,000 limit and other changes to SEIS, and how to use SEIS plus EIS when you’re fundraising." taxonomy_category: - "SEIS EIS" --- 2 min read Expert reviewed This article has been fact-checked by a SeedLegals subject matter expert. [Meet our experts](https://seedlegals.com/authors-and-experts/) and learn more about our review process and quality assurance in our [editorial policy](https://seedlegals.com/editorial-policy/) . # You can now raise £250K SEIS Published: Apr 9, 2023 Updated: Jul 19, 2023 Contents [Watch video: How to make the most of the increased SEIS allowance](#watch-video-how-to-make-the-most-of-the-increased-seis-allowance) [SEIS changes approved by Parliament](#seis-changes-approved-by-parliament) [Talk to an expert](#talk-to-an-expert) [Writer Anthony Rose Co-Founder and CEO](https://seedlegals.com/resources/author/anthony/) [Editor Suzanne Worthington Senior Writer](https://seedlegals.com/resources/author/suzanne/) Great news for fundraising startups! These changes to the Seed Enterprise Investment Scheme (SEIS) went live on **6 April 2023**: - UK startups can now **raise****up to £250K in SEIS investment** (up from £150K SEIS) - you can **raise SEIS for up to 3 years** from when you first began trading (up from 2 years) - investors can now **invest up to £200K** each in any one tax year (up from £100K) - your company must have **less than £350K in gross assets** to qualify (up from £200K) These updates to SEIS were approved in July 2023. In the post, we explain the changes and how to use SEIS *plus* EIS when you’re fundraising. ### Contents - [Watch video: How to make the most of the increased SEIS allowance](#video) - [SEIS changes approved by Parliament](#approved) - [Before July 2023, HMRC couldn’t give SEIS Advance Assurance for £250K](#before-july-2023) - [Want to raise more than £250K?](#raise-more-than-250k) - [Talk to an expert](#talk-to-an-expert) ## Watch video: How to make the most of the increased SEIS allowance In this webinar recording, our CEO Anthony Rose explains how the updates to SEIS could affect your fundraising and how to make the most of the increased limits. ## **SEIS changes approved by Parliament** Back in 2022 the government announced increases to the SEIS limits – fabulous news for UK startups and angel investors. SeedLegals was the first to explain [those changes](https://seedlegals.com/resources/use-seedfasts-to-take-advantage-of-new-seis-rules-starting-now/) back in September 2022, showing how you could use SeedFASTs with six-month longstop dates to raise £250K SEIS starting back then. The SEIS changes came into effect on 6 April 2023, went live on the [HMRC website](https://www.gov.uk/guidance/venture-capital-schemes-apply-to-use-the-seed-enterprise-investment-scheme#before-you-apply:~:text=a%20maximum%20of-,%C2%A3250%2C000,-through%20Seed%20Enterprise) in early July and were approved July 2023. > When you do your Advance Assurance application, you have to give HMRC details of *intended* investment for a substantial fraction of the amount of SEIS/EIS Advance Assurance that you’re applying for. > > For example, if you’re applying for £300K in SEIS+EIS, you would need to give details of potential investors for at least, say, £100K. Without that, HMRC might reject your application as speculative, and you’ll have to try again later when you’ve found some potential investors. > > This means that the total amount of Advance Assurance you can apply for will be limited by the amount of investment you’re able to *get intention for* before you apply for Advance Assurance. > > When you [apply for Advance Assurance on SeedLegals](https://seedlegals.com/start/seis-eis/) > , we explain all this in detail. > > [Anthony Rose](https://www.linkedin.com/in/anrose/) > CEO and Co-Founder, > > [SeedLegals](https://seedlegals.com) > > - [https://uk.linkedin.com/in/anrose](https://uk.linkedin.com/in/anrose) ## Talk to an expert Ready to make the most of the new SEIS limits? [Book a free call](https://seedlegals.com/talk-to-an-expert/) with one of our funding strategists – bring your questions to get answers fast. - Sources 1. [Gov.uk | Policy paper | Increasing the limits of the Seed Enterprise Investment Scheme](https://www.gov.uk/government/publications/venture-capital-schemes-expansion-of-the-seed-enterprise-investment-scheme-seis/increasing-the-limits-of-the-seed-enterprise-investment-scheme) | Accessed 6 April 2023 2. [EISA | Extensions to the SEIS – important information](https://eisa.org.uk/news_story/extensions-to-the-seis-important-information/) | Accessed 6 April 2023 3. [Gov.uk | Guidance | Apply to use the Seed Enterprise Investment Scheme to raise money for your company](https://www.gov.uk/guidance/venture-capital-schemes-apply-to-use-the-seed-enterprise-investment-scheme#before-you-apply) | Accessed 10 July 2023 ## Related posts [11 min read SEIS: Guide to the Seed Enterprise Investment Scheme Founders guide to SEIS. Find out how it helps startups and investors, eligibility criteria, how to get Advance Assurance... Suzanne Worthington](https://seedlegals.com/resources/seis/) [6 min read SEIS compliance: how to make sure your investors get their tax relief Raised with SEIS? Here’s how to complete the SEIS compliance statement and send investors the certificates they need to ... Suzanne Worthington](https://seedlegals.com/resources/seis-compliance/) [8 min read SEIS tax relief: guide for investors Get in at the ground floor of the next tech unicorn, cash in big at exit. That’s the ideal scenario. Find out how SEIS t... Kirsty MacSween](https://seedlegals.com/resources/seis-tax-relief/)