Entrepreneurs Flock To Secure SEIS Start-Up Cash (Pars Herald)
The specialist investment scheme run by HM Revenue & Customs (HMRC) which links investors with entrepreneurs seeking cash for their fledgling businesses is a runaway success, according to financial experts.
In the 12013-14 tax year, HMRC was inundated with 2,582 applications for SEIS approval from new companies, according to a report from investment specialists Radius Equity.
That figure compared with 1,644 received in the previous tax year.
Now, financial experts are claiming that SEIS is raising millions of pounds for entrepreneurs who have had funding applications rejected by the banks.
Hit with investors
Read the full article here on the Pars Herald website.