Chris White – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Chris White on 2016-02-09.

To ask Mr Chancellor of the Exchequer, how many businesses accessed the Seed Enterprise Investment Scheme (SEIS) in 2014-15; what the cost of SEIS was to his Department in that year; and what the return on investment was for the economy as a result of the SEIS.

Mr David Gauke

The Seed Enterprise Investment Scheme (SEIS) is forecast to cost the Exchequer £180m in 2014-15. Outturn figures for 2014-15 are not yet available. Updated figures on the cost of the relief will be published in December 2016.

The first official statistics on the number of companies raising funds, number of subscriptions, and amounts raised for Seed Enterprise Investment Schemes for 2014-15 will be published in April 2016.

No results have been published on the return on investment from the SEIS.