Business Angel Investing received a strong boost from Government today, through both a new major 50% tax relief for seed stage investing and the launch of a new £50m angel co-investment fund.
Notably in his Autumn statement today, Chancellor George Osborne has announced that investors wishing to back very early stage seed stage businesses can gain up to 50% tax relief. Under this new Seed Enterprise Investment Scheme (SEIS), commencing from April 2012, which will be similar in design to the current Enterprise Investment Scheme (EIS), the focus will be on supporting new early stage companies with 25 or fewer employees and assets of up to £200,000 which are carrying on or preparing to carry on a new business. For investors the maximum an annual investment limit for will be £100,000 and the maximum that any early stage business can receive cumulatively under this scheme will be £150,000.
To read the full, original article click on this link: Government announces major catalyst for angel investing in innovating entrepreneurs | Angel Capital Group
