How to apply for SEIS
To apply for SEIS, a company must meet certain eligibility criteria and follow a specific application process. Here are the steps involved in applying for SEIS:
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Check eligibility: The company must be a small, unlisted business that meets certain criteria, such as having fewer than 25 employees and not having raised more than £200,000 in funding.
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Prepare the necessary documentation: This includes a business plan, financial projections, and other supporting documentation as required. (If you need help with your business plan, get in touch with our team today).
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Submit the application: The application can be made online through the government's SEIS website, or via post using the relevant application form.
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Await a decision: The government will review the application and decide whether to approve it. This process can take several weeks.
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If approved, start raising funds: Once the company's SEIS status has been approved, it can start raising funds from investors. It is important to note that each individual investment must also be approved by the government before it can be counted towards the company's SEIS funding limit.
It's worth noting that the SEIS application process can be complex, and it is advisable for companies to seek professional advice before proceeding.
