Mercia looks to tax breaks for new growth fund

The venture firm is set to launch a new fund to take advantage of a UK government scheme that provides tax incentives for seed investments

Venture firm Mercia Fund Management is set to launch a new fund to take advantage of a UK government scheme that provides tax incentives for seed investments.

The launch in the New Year is the UK-based venture firm's second fund to take advantage of the new government-backed Seed Enterprise Investment Scheme. It raised the money for the first fund in less than three months.

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