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UKIE touts Government scheme to make startups more attractive to investors

UKIE touts Government scheme to make startups more attractive to investors
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]

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.

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jon jordan
Thanks for the additional information Aman
Aman Behzad
The above piece on the new legislation pertaining to SEIS only touches upon some of the benefits on offer.

The new legislation significantly increases the size of the carrot available to potential investors, minimising the downside risks (read as costs) to a failed investment. A 50% tax relief in addition to capital gains tax relief for one year, to the extent the gain is re-invested, could present a total tax refund of 78% on an investment of £100,000!

As a result of the above, we at SEIS Connect have seen a significant pool of willing seed investment capital emerge, eager to exact supernormal returns with now diminished downside risk.

At SEIS Connect, we specialise in connecting budding entrepreneurs in search of seed capital with High Net-Worth Individuals seeking to participate in the next internet / technology sensation.

For more information on the SEIS and SEIS Connect, please follow the link below. http://seisconnect.co.uk/
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