Bringing you live news and features since 2006 

George Osborne

VentureFounders calls on George Osborne to extend SEIS limit


UK crowdfunding platform VentureFounders is calling on Chancellor George Osborne to give further assistance to entrepreneurs by helping people invest in UK businesses through the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS). 

James Codling and Paul Moravek, Co-Founders of VentureFounders, say: “As one of the top four entrepreneurial countries in the world, George Osborne needs to show commitment to maintaining Government support to UK businesses and entrepreneurs. We think there are two ways in which he can encourage high net worth individuals to invest in entrepreneurial UK businesses through the existing SEIS and EIS schemes.

“Firstly, we call on him to increase the amount that can be raised by companies under SEIS from GBP150,000 to GBP250,000 to give these early stage businesses the capital they need to achieve their growth potential. This will ensure that more money is being invested in fledgling businesses, and that investors are rewarded with tax efficient ways of making investments in UK plc.

“Second, and equally as important, is being able to raise sufficient equity capital at the outset of a new venture in order to enable these entrepreneurial businesses to grow without constraint. We firmly believe that businesses should be able to raise capital concurrently using both the SEIS and EIS schemes. Under the current rules, a company can only issue new shares and bring in more capital once it has spent 70% of its SEIS money. Raising investment takes a considerable amount of time and effort; management is best served running the business rather than continually meeting investors and fundraising.

“Entrepreneurial businesses are the catalyst for economic growth and a great number of new jobs are created by businesses under five years old. The recommended changes in these allowances in next week’s Budget would send out a positive message to would-be investors and entrepreneurs that this Government backs entrepreneurship, jobs, and wealth creation for the benefit of all.”

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by