Britain’s Seed Enterprise Investment scheme (SEIS) has received praise throughout Europe. Recently France has expressed a desire to import a version of the scheme as part of a new plan to drive annual early-stage investment by as much as €3 billion.
Individual consumers and companies in the UK interested in pumping funds into fledgling firms often look for investment advice in Shropshire, Buckinghamshire and other counties. Wealth management firms are often called upon to explain the risks and returns involved in specific investment opportunities and offer an unbiased financial opinion.
In a concerted effort to accelerate its current ecosystem for startup businesses, the French government is now looking to triple how many business angels are lending their support to early-stage startups. To achieve this ambitious goal, French policymakers are now looking for lessons from Britain.
According to reports, French government officials wish to adopt versions of two different UK programmes, the Enterprise Investment scheme (EIS) and SEIS, which are designed to offer early-stage tax incentives. The schemes have been credited by experts with helping the UK become Europe’s current entrepreneurial leader.
The French government hopes that these brand-new proposals, which at present are still being established (with a target date of France’s 2024 budget), will entice private investors to push €3 billion into startups annually to create up 200,000 jobs by the year 2027.
This job creation plan is vital to fulfilling President Macron’s pledge which he made during his recent re-election campaign in 2022, to make over 1 million new roles for people by 2027.
