Today's mini-budget certainly contained a few headline grabbing items. One less flagged measure, however, is the loosening of the rules relating to the Seed Enterprise Investment Scheme (SEIS).

SEIS is already quite a generous scheme designed to encourage investment in new businesses. In short, qualifying investors get various tax reliefs including income tax relief of 50% on their investment, capital gains tax exemptions on disposal and loss relief. 

Companies can currently only receive a maximum of £150,000 through SEIS investments - this is being increased to £250,000 from next April.

Companies can also currently only have gross assets of up to £200,000 when the SEIS shares are issued - this is being increased to £350,000.

SEIS investors can currently only invest £100,000 in a single tax year - this is being increased to £200,000.

The full text of today's plan can be found here: https://www.gov.uk/government/publications/the-growth-plan-2022-documents/the-growth-plan-2022-html