You can now raise £250K SEIS

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
• SEIS changes approved by Parliament
• Before July 2023, HMRC couldn’t give SEIS Advance Assurance for £250K
• Want to raise more than £250K?
• 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 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 in early July and were approved July 2023.

Talk to an expert

Ready to make the most of the new SEIS limits? Book a free call with one of our funding strategists – bring your questions to get answers fast.