"These numbers cover a tough period for the UK venture capital industry - with the two main venture capital investment schemes, VCTs and EIS, showing large declines in funds raised."
"However, the schemes continue to be a vital source of funding for UK start-ups. That's especially true when other sources of funding dry up."
Investments into EIS qualifying companies dramatically fell to £1.6 billion in the 2023/24 tax year, marking a 20% decrease year-on-year. Conversely, investments into SEIS qualifying companies surged to £242 million, reflecting a 51% increase due to enhanced funding limits. While Venture Capital Trusts (VCTs) also saw a decline of 17%, experts recognize these schemes remain crucial for UK start-ups amid shrinking overall private investment. Changes in SEIS have bolstered its effectiveness, showcasing the positive impact of thoughtful government support for innovative businesses looking for capital.
Read at London Business News | Londonlovesbusiness.com
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