Trade body UKIE is alerting developers to the Government's new Seed Enterprise Investment Scheme (SEIS) which aims to help UK startups by making them more attractive to potential investors.
Through the new scheme, businesses can receive a maximum funding of £150,000, while investors can benefit from income tax relief worth 50 percent of the amount they invested.
Planting seeds
Eligible startups must have no more than 25 employees, have less than £200,000 in assets, and must not be listed by a recognised stock exchange.
The scheme also only applies to investments made from 6 April onwards.
"Getting funding can be a real barrier for many games and interactive entertainment businesses at the start-up stage," said UKIE CEO Dr Jo Twist.
"We recommend that any games or interactive entertainment start-ups that are looking for money, and fit the qualification criteria, should make sure that they discuss SEIS with any potential investors."
A fact sheet with further advice on the scheme can be found on UKIE's site.
[source: UKIE]
News
Fresh out of the packaging, Tom joins Pocket Gamer with a chip on his shoulder and a degree in Journalism. Naively, Tom believes there's a star-studded career in video games and has penned words across the internet in between praying to the almighty Nintendo gods.
Related Articles
Top Stories
News
12 hours, 49 minutes ago
Scopely is celebrating Monopoly GO!'s first birthday with in-game events and rewards
News
Apr 17th, 2024
Learn about the state of play in MENA and the changing payments landscape at the Dubai GameExpo Summit
News
Apr 17th, 2024
Monopoly GO! celebrates its first birthday and shares its behind-the-scenes story
Feature
Apr 15th, 2024
46 top mobile games in soft launch: CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, Candy Crush Blast, and more
Feature
Apr 15th, 2024
Hot Five: XCOM Legends’ rumoured shutdown, Squad Busters verges on soft launch, and Royal Match reaches $3 billion
Events
HIT Games Conference Istanbul 2024 | Apr 18th | |
Game Job Fair – Spring Edition 2024 | Nordic | Apr 18th |
Arts DAO Fest 2.0 | Middle East | Apr 20th |
App Promotion Summit London | Europe | Apr 25th |
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |