Been a while since I was in this position but that first £100k used to be a cakewalk. SEIS made it almost a no-brainier for any high net worth individual to invest in startups.
and it still should, as I understand it. On a £100k investment that the business loses all of, the investor gets £75k (£50k tax relief + £25k-ish loss relief) back or something ridiculous, don't they? Makes me wonder how this hasn't made UK capital more readily flow
The challenge in the UK at the moment is connecting willing high net worth individuals with entrepreneurs. Even with the tax incentives, and the relatively good incubator-ish organisations like Eagle Hub, there's some enormous disconnect between viable ideas and timely capital to execute on them.
and it still should, as I understand it. On a £100k investment that the business loses all of, the investor gets £75k (£50k tax relief + £25k-ish loss relief) back or something ridiculous, don't they? Makes me wonder how this hasn't made UK capital more readily flow