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SEIS EIS 2 min read
Expert reviewed

You can now raise £250K SEIS

Apr 9, 2023
Updated: Jul 19, 2023
Anthony Rose
Anthony Rose

Co-Founder and CEO

Suzanne Worthington
Suzanne Worthington

Senior Writer

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.


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.

Anthony Rose SeedLegals CEO

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, we explain all this in detail.

Anthony Rose

CEO and Co-Founder,


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