The Government will continue to support the Seed Enterprise Investment Scheme (SEIS), although we still await further detail.

In the original 23 September 2022 statement, it was announced that qualifying start-up companies would be allowed to raise £250,000 under the scheme, an increase over the current £150,000 limit. SEIS currently provides unconnected investors with an income tax deduction of 50% of the amount invested, up to £100,000 a year. There is also generous capital gains tax relief for the investor. It is proposed that this annual investor limit would be doubled from 2023/24.

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