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<p>The government recently expanded the Seed Enterprise Investment Scheme (SEIS) to
help more UK start-ups to raise higher levels of finance. In April 2023, the amount
of SEIS funding that companies can raise was increased from £150,000 to £250,000 and
the annual investor limit was increased from £100,000 to £200,000. The eligibility
of the SEIS was also expanded as the limit on the age of a company’s trade was increased
from 2 years to 3 years and the company gross asset limit was increased from £200,000
to £350,000. These changes increase the generosity and availability of the SEIS whilst
ensuring it remains appropriately targeted at those very early-stage companies that
investors view as the highest risk. Companies that outgrow the SEIS can utilise the
Enterprise Investment Scheme (EIS) to raise further finance.</p>
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