This process may have been made a little easier when on this Friday the 6th April the Seed Enterprise Investment Scheme comes into effect.
Now anything with ‘scheme’ in the title usually makes me go cold and throws up images of red tape and reluctant banks but this one might just be different.
A version of the original EIS scheme, it seems to be aimed at businesses looking for investment which are starting up or still small, as it is limited to those with 25 or fewer employees and assets of up to £200,000.
Basically, any investor gets income tax relief worth 50 per cent of the amount invested up to a limit of £100,000 for a stake of less than 30%. It seems very simple, so simple in fact that a thoughtful person called Stuart Wilson has set up a site dedicated to the scheme.
So if you just need that last reason to invest or to entice that wavering investor to commit this just might be the spoonful of sugar you were waiting for.
Why the picture you may ask…well I’m sure that there is no connection but seis is, of course, Spanish for six and is the name of a Puerto Rican dance involving 6 couples.