SEIS & EIS business plan Service
If you are looking to take advantage of the SEIS and EIS tax relief schemes, then it is vital that you have a business plan that stands out. These tax relief schemes have been designed to offer individual investors the opportunity to invest in your company and so, you have to prove just why your business is investible.
To achieve this, you have to prove that your business can be considered as part of your chosen scheme before giving investors the opportunity to invest and benefit from tax relief.
You will need to meet strict HMRC criteria and so, a professional and well-written business plan will provide a clear picture of your business and you plan to grow it.
What is SEIS & EIS Funding?
SEIS and EIS Funding is not applicable to all although some are excluded from schemes entirely. Those that are excluded are commonly those that deal in land or entities along with those with an interest in insurance, money-lending or banking.
It also includes the likes of those providing assistance in the form of legal or accounting services and those with an interest in property development. There are some areas that are unknown that require further investigation.
One thing to consider is that enterprises are banned from boosting money as part of SEIS or EIS should a large percentage of their trade movement include that of the activity that is excluded. This percentage sits at 20%.
Prior to presenting your investor's SEIS or EIS, there are certain tests that have to be followed and fulfilled.
Our Business Plan Services
Making Use Of The SEIS & EIS Asset
All accounts that are submitted have to be used for qualifying business activity in order to obtain SEIS or EIS assets.
They have to be used solely to help encourage the growth and expansion of the company and that can include investing in marketing, creating products or attracting new employees that help to take the company further.
Assuring investors that your business is suitable for SEIS and EIS
It is common for investors to obtain prior assurance that your business is suitable for SEIS and EIS allowance. To prove this, you should suggest that an application is submitted to HMRC prior to providing investors with the SEIS and EIS investment possibilities. Should you opt to take this route, HMRC will need the details of at least one potential investor but also your business plan which will also include a 3-year financial projection as well as your most recent accounts. A cover letter will also be required but the importance of a business plan cannot be overlooked.
Under SEIS and EIS how much money can an enterprise submit?
There is a maximum of £150,000 in SEIS allowance that can be submitted although it is possible for each enterprise to raise a maximum of £12 million in EIS funding. It might be the case that your business is unable to obtain the full amount should your business obtain any state support through the previous three years, all of which will be included in the calculation used to determine the boundary for an asset.
How Oxbridge Content Can Help With Your Business Plan
Structuring a Business Plan For SEIS
Your Advance Assurance application should include a well-written and structured business plan that is aimed specifically at SEIS or EIS. Therefore, it has to be written in a certain way that ensures it is well-presented and easy to digest. Therefore, your business plan should have the following structure.
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This will highlight the problem that your company aims to solve. It is a common place to begin so they understand the reason behind your application.
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The solution is a vital part of your business plan because it has to highlight what the company does. Keep it concise and ensure that you cover information that relates to all trading and additional activities that the company plans to continue with.
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It’s important to explore how the business will generate income. Are there any fees that you charge? Where do the costs come from? Is there an affiliate agreement in place? This should create a profile of your customers and who they are.
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Include all details that related to patents and intellectual property including any information relating to who owns and licences these rights. It is also essential to include the employment structure, highlighting who will be hired and the work that will be outsourced.
Get Help With Your Business Plan
Do you need help with your business plan? If so, we would love to hear from you. We offer free 15-minute consultations, which include a call from one of our consultants and a cost estimate for your project. We can also schedule a virtual or in-person meeting to discuss your requirements and preferences in more detail.
We have experience in working with businesses of all sizes across all industries. If you’re struggling to write a business plan, or you need advice to improve or adjust an existing template, don’t hesitate to get in touch.
Market Size and Competitors
Provide a snapshot of the market as well as the risks associated with it and your understanding of it. Including market sizing metrics and a chart that plots who the main competitors are and indirect competitors too. You should also include the customers that you handle.
Progress and History
It is common to include a background of the project as a way of showing traction. This is often done using a company background but it does provide information on how you began trading and what the company has done up to the current point. There should be metrics included in this and you should indicate if the company is still trading.
Financials
This might be included as a separate document but it will provide information relating to all of your finances. It should also set out the three year projected profit and losses.
Risk to Capital
The Risk to Capital has to be addressed and this is achieved through a SWOT analysis that covers the weaknesses and threats to your business. Explore how the factors play a part in the risk of the investmentor explore how the company will grow and develop.
Roadmap
This is a vital element of your business plan. It will provide insight into how the business will grow in the future. This is where plans should be clearly set out to show how you will grow the company. This will include new markets, products that you plan to release or how you might generate new income streams. You need to demonstrate how you intend to grow and that the funds will be used solely for business activities that qualify for the schemes.
Team Profile
Although it’s not hugely important for SEIS and EIS, it is helpful to include founders and the founding team.
This Is Where We Help!
A business plan is integral to both SEIS and EIS as it will highlight to investors and HMRC that your business is set up for future success. However, you have to ensure that your business plan is written correctly, formatted correctly and contains all of the relevant information that your investors want to see.
Using a professional business plan writing service is a highly effective way of ensuring that your business plan is written clearly, concisely and delivers all of the relevant information that matters. With our support, our team will work closely with you to understand your business and what you want to achieve. We’ll delve into the finer details and crunch the numbers, ensuring we create a business that resonates with investors and encourages them to invest in your business and take advantage of SEIS and EIS.
If you are in need of a business plan then Oxbridge Content has you covered. Our expert service has been designed to take the stress out of creating a business plan. Our specialists will work closely with you to ensure we understand your business, its goals and how you plan to grow. This will then enable us to curate a business plan that gets your business noticed but more importantly, allows you to take advantage of SEIS and EIS funding, so get in touch with us today.
Contact Us
Call us and speak to one of the Oxbridge Content team today. Our expert business plan team and brochure designers can discuss your project in detail today.
Telephone: 01865 952 248
Email: info@oxbridgecontent.com
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What You Get:
A Phone Call From One Of Our Consultants.
A Cost Estimate For Your Project.
An In-Person or Online Meeting, If Necessary.