EY Comment: Will seed enterprise help London’s media city get off the ground and tech city fly?

19 March 2014

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EY Comment: Will seed enterprise help London’s media city get off the ground and tech city fly?

Caroline Artis, London senior partner at EY, comments:

“The Seed Enterprise Investment Scheme (SEIS) helps small early stage companies raise equity finance by offering tax relief to investors who subscribe to shares in higher risk small companies. This relief, due to end in 2014, has now been extended. This extension should continue to encourage entrepreneurs and support the type of start-ups that Tech City already attracts and that Media City, recently backed by Boris Johnson, wants to attract. SEIS has helped 1,600 companies raise over £135m since April 2012 and the extra £60m of tax relief given today will be a great fillip for the industry.”

For more information on the 2014 Budget, visit the EY 2014 Budget page.