mca group - SEIS and EIS, how does State Aid and DeMinimis affects these investment schemes?
12.30 - 15:00 - Presentation and Q&A (lunch provided) - Faraday Wharf Meeting Rooms, Room 3
State Aid / Deminimis, which is accrued by using the support Innovation Birmingham and the incubater programmes offer effects the amount of money you can receive later from investment schemes. mca will clarify this situation and explain why. They will also talk about the SEIS and EIS investment schemes in further detail.
Raising finance is one of the hardest hurdles an early-stage business faces. You may have a great idea, but there’s a limit to how much you can raise from your own pocket, families and friends. And venture capitalists and private equity houses generally are not interested until there is at least a proven proposition and sales are being made.
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) offer tax incentives to investors which helps to reduce the risk of their investment into early-stage companies. But the rules are not simple, and it’s easy to get things wrong.
The session will focus on State Aid/Deminimis and three key elements of the EIS and SEIS:
- An overview of the two schemes, the approval process, the tax incentives available and the possible sources of finance
- The mechanics of putting a scheme in place
- Potential pitfalls, disqualifying events, withdrawal of relief, group changes
The session will be held by Dr Andrew Jupp and Adrian Holles.
About mca group
mca group works with young, emerging businesses, helping them to structure themselves so as to qualify for one of these schemes, and then helps with the necessary HMRC application and approval process. In some circumstances we can also put potential funders in touch with new businesses.
Dr Andrew Jupp is a Chartered Accountant and tax specialist and has over 25 years’ experience of working with early-stage entrepreneurial businesses, and was formerly an equity partner with Ernst & Young, leading their Entrepreneurial Services practice in the south and midlands region, and National Head of Tax for another top 10 firm. He is now the lead tax consultant for mca group in the West Midlands.
Adrian Holles is a Director at mca group and manages the Birmingham Office. He has over 20 years experience as a Chartered Accountant working in professional practice and also has experience of working as a Finance Director in various industries on a permanent and interim basis. Adrian specialises in being the trusted advisor to family and owner managed businesses, enabling him to advise clients through all stages of the business lifecycle including growth phases, business combinations and exit strategies.
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Entrepreneurs for the Future (e4f)
Entrepreneurs for the Future (e4f) is dedicated to supporting the growth of technology companies in the Great Birmingham and Solihull area.
One of the many ways we do this is by organising and delivering regular events*, including seminars, workshops, 1-2-1 sessions with Visiting Experts, as well as Keynote events and conferences.
*The majority of these events are for Innovation Birmingham Campus tenants and members only. If you're interested in becoming a member, please visit our website or alternatively call 0121 260 6000.
A complete list of events taking place at the Innovation Birmingham Campus can be found here.
If you are an innovative tech start-up in the Great Birmingham and Solihull area check out our incubator programme!