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The early stage start-up ecosystem is this week set for a massive boost with the launch of the first fund designed to take advantage of a near doubling of investment limits.
In an unprecedented move to boost UK start-up company funding the Government has announced significant improvements to the tax-efficient SEIS scheme that will see investors given the opportunity to invest £200,000 per year (up from £100,000) and companies raise £250,000 (up from £150,000).
How you can take advantage
Just days after the historic announcement award-winning tax-efficient fund manager Haatch is today pleased to announce the launch of the UK’s first SEIS fund to take advantage of these new improved tax reliefs.
All investments made by this fund will be dated post-April 6th 2023 meaning investors can benefit from the new SEIS limits for the 2023/24 tax year or invest under the current limits by using carry-back relief to the 2022/23 tax year subject to individual circumstances.
In addition, every Haatch SEIS investment will be supported by an additional minimum £60,000 of British Business Investments money, from our new £10m commitment announced last month, meaning our standard pre-seed SEIS cheque will be at least £310,000 enabling founders the best possible start on their journey from startup to scaleup to exit.
What does this mean for investors?
- Our SEIS fund is open today, with limited capacity on a first-come-first-served basis
- Investors can now invest up to £200,000 under the new rules (and carry back £100,000)
- All investments will take place by the end of Q2 2023 meaning investors in this fund will be among the first to take advantage of the new tax limits
- All tax relief will be dated in the 2023/24 tax year to take advantage of new limits
What does this mean for entrepreneurs?
- Haatch will look to make SEIS investments from Q1 2023 via ASAs which convert post-April 6th 2023 pending HMRC approval.
- Our new standard pre-seed cheque from this new SEIS fund will be at least £310,000
- Entrepreneurs benefit from an award-winning multi-fund manager specialising in investments from pre-seed to Series A with a track record of scaling and exiting businesses
- Haatch continues to charge no fees to portfolio companies
The Haatch SEIS fund is now open and capacity is very limited.
The Haatch Ventures SEIS Fund is only open to HNW or Sophisticated Investors. Your capital is at risk. Investing in early-stage companies involves risks including loss of capital, illiquidity, lack of dividends and dilution. Past performance is not a predictor of future performance. The availability of tax relief depends on individual investors personal circumstances. If you are in doubt about eligibility for tax reliefs or the tax treatment of your investment, you should seek independent tax advice. Tax reliefs are based on current legislation and are subject to change.