The Seed Enterprise Investment Scheme (SEIS) has assisted over 1,100 startups by giving them access to investment to help them grow and expand since it was launched last year, the UK Government has announced.

Since 2012, companies have raised over £82m ($130m) through the scheme, which offers individual investors buying shares in startups at early stage tax relief on their investments. This equates to an average £1.3m of SEIS funding raised by 19 companies every week through the scheme, with…

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