Attract Investors
- The Committee for Economic Development wishes to encouraging investment into high growth, early-stage businesses in Guernsey.
- Attract investors who will benefit from a 30% tax credit on their investment.
- Applications from companies wishing to participate in the first round of funding can be made between 1 October 2024 and 9 November 2024.
Eligibility Criteria
- Must be a trading company incorporated and registered in Guernsey.
- Must have been trading for more than four months and less than seven years.
- Cannot raise more than £500,000 through GEIS.
- Must operate within a qualifying sector.
- Must remain based in Guernsey for at least five years.
- Must have fewer than 25 full-time equivalent employees when the shares are issued.
- Must use the funds raised within two years to grow or develop the company.
- Must offer investments that pose a risk of loss of capital to investors.
- Must not use the funds to buy into another business.
Steps
1
Submit an application for the funding round using form GEIS07.
2
The application is reviewed by the Economic Development team and a Certificate of Advanced Assurance is issued.
3
The company attracts investors and submits form GEIS09 when share certificates are issued.
4
The company provides evaluation data to the Economic Development team.