The GEIS is a new government initiative that provides valuable incentives for early-stage companies seeking funding. The scheme aims to boost investment into high-growth, early-stage businesses in Guernsey by providing an investor benefit.
For local investors in GEIS businesses, the scheme offers the opportunity to apply for an equivalent tax relief incentive of up to 30% of the investment value. The scheme draws inspiration from the UK's successful Enterprise and Seed Enterprise Investment Schemes and is anticipated to drive approximately £2.2 million into local businesses during its initial trial phase.
Applications are open, for further information, visit www.gov.gg/geis.