UK Start-Ups Applying for Seed Enterprise Investment Scheme(SEIS) and Enterprise Capital Investment Scheme (EIS)

As a registered HMRC agent, B&F Services would be able to put your company through the process of applying for either of these schemes. We would help ensure you obtain your certificate of qualification, rather than just the advance assurance which is NOT the final confirmation that your business qualifies. However, it is the first step. Our B&F Services (S)EIS Package is carefully designed to include all the application requirements listed below.
Qualification is granted at the end of the three qualifying years where stipulations for the company must be met, in order for it to stay within the terms of certification. Similarly, companies must not be a subsidiary of an already registered company.


Who Qualifies?

Start-Up Growth Stage
UK registered company UK registered company
Newly formed company, and is not a subsidiary Newly formed company, and is not a subsidiary
Trading for less than 2 years, Trading for at least 4 months
Owns less than £200,000 of assets No more than £15 million in gross assets
Within a qualifying trade Within a qualifying trade but special arrangements can be made
Fewer than 25 full time staff (or matching number for pat-time staff)   250 employees (up to 500 employees under certain conditions)

B&F Business Plans are constructed by our experienced consultancy B&F Services. The team have been instrumental in acting as an agent on behalf of entrepreneurs and business owner applicants. Our comprehensive summary below would show you what you need in order to implement EIS or SEIS investment.
As your local entrepreneur’s home, you can be guaranteed to work with experts who have indepth knowledge of investments, business planning, finance, technology, property, patents and accounting. Insight in these industries combined with strong corporate and tax advisory experience, stands us in good stead as your agent in taking you through the SEIS and EIS fundraise.
All sectors are welcome, and we can book a free consultation to help you get started. Contact us now:          +44(0)20 3637 6365

Documents Required


This list is not exhaustive, however, be sure to include:

  • Filled and Signed Application Form (by Director/Company Secretary);
  • Latest Company accounts and accounts of any subsidiary company;
  • A business plan with the latest draft of any prospectus or similar document aimed at potential investors;
  • Details of all trading or other activities to be carried on by the company and any subsidiary and details;



This is a tax relief aimed at investors purchasing shares in home-grown UK businesses. They can annually claim 50% income tax relief on any investments up to £100,000 in a qualifying Venture Capital firm and up to 25% Capital Gains Tax relief on their investment. They are allowed to claim this relief for up to five years after their initial investment (minimum investment term for which to qualify is 3 years).
Most business ideas qualify under this scheme, but some financial services and businesses dealing in land & property development may not qualify. The scheme was first set up in 2012 after the success of the EIS. Investors are required to meet certain criteria to avoid conflict of interest and to encourage patient capital with each investment. Reports from the 2014/15 tax year showed that 2,185 companies raised £168m through SEIS. Significant growth from the 1,995 companies and £148m in funding in 2013/14.
The tax advantages for investors in an SEIS qualifying business are significant. An individual investor can make multiple SEIS investments of up to £100,000 per annum. There are no deadlines for application, however investors may want to work in synchrony with the tax year.




This scheme is the original scheme set up by the UK government in 1994. It provides capital of up to £12 million from qualifying investors. The associated income tax relief is up to 30%, and usually, businesses which raise capital with the SEIS at venture stage can be sure to progress onto the EIS after meeting the requirements, for their next stage funding. Under EIS, the raise per year is capped at £5 million with the maximum of £12 million allocated for the company’s lifetime. As the follow-on from the other venture capital schemes the target company must receive investment under a venture capital scheme within 7 years of the first commercial sale.


Case Study

Technology company with a UK based investor seeking to make £100,000 investment

Our client had already received seed stage funding for a previous technology start-up and were looking to set up a new tech company. Although well-informed in the start-up scene, they had not required (S)EIS to date. However, after being provided with the investor’s terms and conditions which included an SEIS certificate, our expert team of advisors were able to put forward their application with no trouble. The comprehensive business plan detailed their business idea, company structure, shareholder allocations, financial projections, cash flow and investment arrangement. Their status was smoothly granted in a short time.


Other required supporting documents (may be included if need be)

  • An up-to-date copy of the Memorandum and Articles of Association with details of any changes to be made
  • Details of any subscription agreement or other side agreement to be entered into by the shareholders
  • Any other information relevant to this application (read note 1 on the 'About this form' page)
  • SEIS applications only – details of any other ‘de minimis aid’ received (read note 3 on the 'About this form' page)
  • SEIS applications only – confirmation that no shares which qualified for EIS have previously been issued or that the
  • company has not received any previous investment from a Venture Capital Trust

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