KFC UK: a Surrey Success Story

KFC UK is the latest of our Surrey Success Stories, a collection of video case studies of businesses โ€“ large and small โ€“ that are putting our region on the map. Click on the video below to discover why Surrey is a great place for this international brand to have its UK base .

KFC UK: an iconic brand with an iconic founder

It’s an iconic global brand with a founder as famous as its food. But how many of you knew that Colonel Sanders’ fried chicken legacy is rooted in Surrey as well as Kentucky?

It’s nearly a century since the white suited Sanders first started serving his fried chicken in a roadside motel in the United States. The taste is now exported round the world, including the UK.

Kentucky Fried Chicken – known better as KFC – opened its first UK restaurant in Preston, Lancashire in the 1960s.

And the UK operation has never looked back. Currently there are more than 1,000 branches in the UK. And its parent company KFC UK has an annual turnover of close to ยฃ300 million.

This major operation is all coordinated from a UK headquarters in the heart of the Surrey town of Woking.

KFC’s secret to success

So how has a company founded in the southern US state of Kentucky come to be so popular?

Well, the food is pretty good – with the unique blend of 11 herbs and spices still very much a top level secret.

The company is also committed to being bold and innovative.

Jo Tivers, Head of Food and Quality, said: “I love working in the fast food industry. As the name suggests, it’s really, really fast. We can be really innovative, we can try new things. We have a customer base that is really interested in trying new things.”

The company is also big on investing in its people – with culture being a real focus. It claims to be “people first culture, really heart-led” – with a real focus on supporting and championing young people, especially with their first jobs.

As Hema Ladwa, People Experience Lead, explains: “We really believe that everyone has the potential, we just need to feed that potential, whether it’s feeding them chicken or whether it’s feeding them through their knowledge and through their learning and development.”

This commitment inspires loyalty and nurtures talent, for now and into the future.

KFC UK and Surrey

KFC UK has had its restaurant support centre in Woking for more than 25 years. About 350 people are based there, with location being a major plus point – for business and for pleasure.

With direct train links to London taking 30 minutes and the M25 and two major airports a short drive away, connectivity couldn’t be better.

Jenny Packwood, Chief Corporate Affairs Officer, said: “Not only do we have great proximity to London, the trains are really quick in and out to London for people who live there. And because we’re international, the proximity to Heathrow and Gatwick is also really helpful.”

Woking is also a fantastic place for people to be live, continually being ranked among the best places in the UK to reside.

There’s culture, countryside, shopping, great food and drink plus access to a range of recreational facilities.

Jo Tivers, Head of Food and Quality, said: “It’s great to be able to go into the weekend, enjoy lunch out with the family, take them to the theatre, to the cinema. There’s always something incredible to do.”

Looking to relocate your business to Surrey?

Thanks to our desirable location, reputation for innovation and collaborative business ecosystem, Surrey is a top business location of choice.

As part of Business Surrey, Surrey County Council offers the Invest in Surrey service.

Our specialised team offers free and confidential services. We assist companies looking to invest and grow in Surrey.

Whether youโ€™re a start-up, SME or international company, you can benefit from specialist expertise, local knowledge and business support.

Get in touch with the team today via our business support form.

A red and white bucket with the words KFC on it is on a table. In the background is a picture of Colonel Sanders, the founder of KFC.
Image of fried chicken on a wire tray. A person in a black apron is using tongs to lift the chicken into a KFC bucket.
Two people - a man in a black jacket and a woman in a short sleeved grey top - sit at a table talking to each other. In the background is the words "Finger Lickin Good" in neon lighting, which is the slogan for KFC UK.

Business Blog: Why young people are crucial to growing our future economy

Georgina Angele, Strategic Hub Lead for Surrey Careers Hub, has almost two decades of experience working to connect schools and colleges with employers. In our latest business blog, she explains how Surrey businesses can play their part in equipping young people with future skills โ€“ and why it will benefit them and the wider economy down the line.

In todayโ€™s rapidly evolving job market, the importance of equipping young people with relevant employment skills whilst still in school or college cannot be overstated.  

As we navigate the 21st century, the landscape of work is being reshaped by continual changes in technology, national policy and globalisation. 

To support future economic growth and help young people achieve their potential, it is imperative we prepare them with the skills they will need to thrive. 

As Strategic Hub Lead for the Surrey Careers Hub, itโ€™s my role to directly work with employers and education providers to unlock opportunities โ€“ bringing them closer together, so that we can ensure young people have a range of meaningful careers experiences while they are still in school and college.ย ย Read on to find out more, or if you’re ready to involved sign up now to become a strategic Enterprise Advisor working with a local school.

Bridging the Skills Gap 

One of the most pressing challenges facing economies across the UK is the skills gap, even in an economy as diverse and large as Surrey. 

Employers across a range of sectors often report difficulties in finding candidates coming out of education with the skills required for the positions available.   

This gap not only hampers business growth but also limits economic development. 

This is why the creation of the Surrey Careers Hub just over a year ago has been so important to our regional economy. 

We work with more than 97% of secondary schools, colleges, special schools and alternative provisions, connecting them to employers in all sectors. 

The aim is to ensure young people have an awareness of the opportunities available to them while making sure education providers know which skills their young people need to succeed once they finish their education. 

The Surrey Careers Hub ensures there is a single approach for the whole county. And we can tailor this work to the key sectors which are crucial to our future economy, such as Artificial Intelligence, gaming, creative industries and infrastructure. 

By integrating careers provision into the education system, we can bridge the skills gap and create an engaged workforce that is ready to meet the demands of the modern economy. 

Enhancing Employability 

Equipping students with relevant skills enhances their employability, giving them a competitive edge in the job market.  

Skills such as critical thinking, problem-solving, oracy (the ability to express yourself fluently and coherently), adaptability, resilience, and digital literacy are increasingly valued by employers.  

By fostering these skills early on, we can ensure that young people are not only prepared for their first job, but also have the adaptability to navigate multiple career changes throughout their lives. 

Seeing how these skills can be applied to the โ€˜real wordโ€™ is also crucial. 

One way we do this is by supporting schools and colleges to provide regular engagement points for their students with employers. 

These can range from mock interviews and workplace experiences to big events, such as the recent Surrey Festival of Skills.  

We also look to level the field for those from disadvantaged backgrounds, as part of our wider No One Left Behind mission. So, we target our funding and interventions to support those young people who face multiple barriers to engaging in education, have additional needs and disabilities and experience socio-economic disadvantage.  

By creating opportunities for all, weโ€™re providing young people with the awareness and confidence to explore the range of opportunities that employers in Surrey can offer. 

Aligning Education with Industry Needs 

To effectively equip young people with relevant employment skills, it is essential to align the things taught in the classroom with industry needs.  

This requires collaboration between educational institutions, businesses, and policymakers at both a national and regional level. 

While we work strategically across Surrey, our work is guided and majority funded by The Careers & Enterprise Company, a national body funded by the Department for Education. 

It oversees the provision of quality careers education in schools and colleges across the UK. It ensures all activities are aligned to the Gatsby Benchmarks. And has resources so that young people receive the guidance and support they need to make informed career choices. 

One way we are doing this is by reinventing work experience, acknowledging that a shift to hybrid working makes intensive weekly or fortnightly programmes during the summer no longer feasible for many employers. 

Instead, we are encouraging a shift for students to gain regular experiences of the workplace throughout their time in secondary education. This will include short, targeted workplace visits; one-day project-based experiences; and longer structured placements.   

We are also working directly with employers to help them assess, monitor and improve their educational outreach, achieve social value commitments, create a diverse workforce, and recruit local talent into their business.  

Promoting Lifelong Learning 

Promoting opportunity does not stop as soon as people enter the workplace. 

The concept of lifelong learning is becoming increasingly important in todayโ€™s world of accelerated change.  

By instilling a love for learning and a commitment to continuous skills development, we can ensure that young people remain adaptable and resilient in the face of change.  

This mindset not only benefits their personal and professional growth, but also contributes to the overall economic health of the nation. 

One way weโ€™re doing that as a team is by running a programme of Teacher Encounters.ย ย 

This takes subject teachers out of their classrooms and into the workplace. We piloted it last year with the gaming and cybersecurity sectors in Surrey (see our LinkedIn post here). 

They learned how their subjects connect to the world of work and which skills employers need in their future workforce.  

We are scaling Teacher Encounters this academic year to include a wider range of industries โ€“ including construction, highways, creative & cultural industries, engineering and the NHS. If you want to get involved, then please contact us. 

There are also many opportunities out there right now for employers to invest in their workforce. 

One such as example is the Multiply scheme, which is free for those who do not have a GCSE in maths. 

These fun, flexible sessions are available both in person and online. And by encouraging your colleagues to take part you could help improve your business performance in the long run. 

Find out more on the Multiply page of the Surrey County Council website

How You Can Help 

These are just some ways we are focused on equipping our young people with the skills to support future business growth. But we cannot do it alone.  

The role of employers across the region is crucial to planning how we do this, and also in the delivery. 

There are several ways you can support this work.  

Weโ€™re currently looking for people with business experience to volunteer as Enterprise Advisers. This is a strategic role, working with Careers Leaders in schools to help them develop impactful careers programmes.  

Itโ€™s a hugely rewarding role. You will have direct influence on the direction of the careers programme in the school youโ€™re matched to. And you’ll help improve the prospects of the young people who attend that school.

If you want to know more, then please get in touch via our contact form

To see a full list of opportunities with the Surrey Careers Hub, visit the Surrey Careers Hub web page. 

A woman in a black and white dress stands behind a lectern addressing a group of people in a conference room. Behind her are promotional materials for the Surrey Careers Hub.

New interactive map now live

Our new interactive map of Surrey businesses is now live and can be viewed here. This interactive tool provides a clear view of the range and number of businesses that have chosen to call Surrey home. It also offers a useful visual demonstration of the concentrations of businesses making up some of the key sectors of importance to Surrey’s economy.

Surrey’s vibrant and diverse business ecosystem is made up of a wide range of businesses, with global brand headquarters sitting alongside entrepreneurial startups and micro businesses. For those looking to relocate into, or within, the county, the map can be a key tool in helping to refine the search and hone in on the optimum location, by enabling the user to filter the map to filter for competitors, suppliers, research resources, co-working spaces, etc.

Filter by a range of categories and sectors

The organisations displayed on the map can be filtered by a number of key categories, including: Top 100 companies (by employee numbers); Top 100 by UK turnover; Creative industry; Cyber; Gaming; Research & innovation assets (including universities, research labs and enterprise zones); Coworking spaces, and many more. Users can also zoom in or out, and view the page as a map or satellite image.

Our toolkit of support for Surrey businesses

Whether you’re making plans for a new business location, carrying out research into Surrey’s key clusters, or investigating the opportunities within the business ecosystem in your local area, our interactive map can help. It’s one more tool in our offering to provide free and accessible support to all businesses in Surrey.

Our team of experts are available to provide tailored advice to help your SME grow and succeed. Get in touch with a member of the team to find out more via our business support form.

You can also register to receive our newsletter, packed with the latest news on support, events funding and more for all Surrey businesses.

Business Surrey interactive map

Events Roundup – November 2024

Once again, November sees a range of events happening across Surrey to help you boost your business.ย  From free seminars and workshops to networking and learning lunches; there are many events to chose from that fit around the working day.ย  Highlights are included here but donโ€™t forget to check out the full list onย our events page.

This month sees a range of both online and in-person business events, covering a range of sectors and topics: from Free Workshops for Mole Valley food businesses (Leatherhead, 4 November) to Solving the Recruitment Conundrum (Camberley, 14 November). 

November continues to see businesses recognised for their innovation, leadership and entrepreneurial spirit with the Surrey Business Awards (7 November).  There are also a number of events for Business Women in Surrey, including the Surrey Womenโ€™s Entrepreneurship Network Anniversary Event (28 November) plus a number of IoD Surrey Branch Directors events.

Breakfast events in Surrey

If youโ€™re a morning person there are plenty of in-person breakfast events to get your day off to a great start, including Epsom Business Club November Networking with Business Surreyโ€™s Renee Carter (6 November),  Business Women in Surrey Business Breakfast (13 November) and Mole Valley Chamber Breakfast networking โ€“ Secrets to Smarter Pricing (20 November)

Online events

If you canโ€™t make the in-person events, why not join some of the free webinars on offer which include: Futureproofing your accounting software with Azets (6 November) and Business Surreyโ€™s seminar: Pathways to Sustainability for SMEโ€™s in Surrey  (14 November)

Submit your own business event

Let us help promote your business event to a wider audience by submitting it to our events directory. If your organisation is hosting or sponsoring a business event in Surrey, you can submit it for inclusion in the directory by completing this simple form.

Free support for Surrey SMEs

Business Surrey offers free and accessible support for all businesses in Surrey, from startups to established businesses.

Our experts are on hand to provide tailored advice across the whole range of business topics to help your SME grow and succeed. Get in touch with a member of the team via our business support form.

2024 Surrey Festival of Skills inspires thousands about their futuresย 

Thousands of young people in Surrey have been inspired and fired up about their futures thanks to the 2024 Surrey Festival of Skills. 

From supercars to snakes, cooking masterclasses to computer game demonstrations, there were opportunities galore for students to explore at the Surrey County Council event.

More than 2,000 students aged 14 to 18 packed into Surrey Sports Park in Guildford. They could meet, great and connect with dozens of employers, universities, FE colleges and training providers. 

The aim was to showcase the fantastic opportunities on offer to them in Surrey, both now and in the future. 

Highlights included hairdressing masterclasses, samosa making, VR headsets and a McLaren supercar. 

There were also animals aplenty โ€“ with snakes, stick insects and lizards joined by a horse-riding simulator and robotic dog. 

Young people who attended the free event described it as โ€œimpactfulโ€, โ€œrewardingโ€ and โ€œfantasticโ€. 

Tim Oliver, Leader of Surrey County Council, opened the event. He said: โ€œNow in its second year, the Surrey Festival of Skills is a fantastic platform for organisations across the county to showcase the array of opportunities available to our young people.

โ€œSurrey has a vibrant and diverse economy, built on foundations of innovation and collaboration. Weโ€™re committed to working with public and private partners to grow our economy further while delivering benefits to our communities. 

โ€œBut we can only do this with a skilled and engaged workforce. That’s why itโ€™s so important to showcase the brilliant careers and training available to students right here on their doorstep.โ€

What is the Surrey Festival of Skills?

The Surrey Festival of Skills is open to all young people in education aged 14 to 18. This is regardless of whether they are educated in school, college, at home or by any other educational route. 

It is organised and funded by Surrey County Council, with support from the Association of Learning Providers Surrey (ALPS).  

Sponsorship for the 2024 edition was provided by consumer health company Haleon and highways services provider Ringway

More than 80 exhibitors took part representing a diverse range of industries. They included household names like Balfour Beatty, Siemens, McLaren, the Royal Navy and London Gatwick Airport. 

They were joined by specialist sectors such as gaming, cyber security, osteopathy, adult social care and early years. 

All of Surreyโ€™s further and higher education providers attended, along with a range of independent training providers. 

Public sector careers were championed by the Animal & Plant Health Agency, National Highways, NHS, Surrey Police and Surrey Fire & Rescue. 

“A day to remember”

Matt Furniss, the Councilโ€™s cabinet member for Highways, Transport and Economic growth, said: โ€œOnce again, the Surrey Festival of Skills has delivered a day to remember for everyone that took part. 

โ€œWe know days like this can play a huge impact on the choices young people make when they leave school or college.

โ€œI want to say a big thank you to all our exhibitors for once again supporting this fantastic event, especially our sponsors Haleon and Ringway. Thanks to their support, we can ensure this event remains free and accessible to thousands of young people across Surrey.โ€

Lewis Bridgman, Business Unit Manager at Ringway, said: โ€œRingway are committed to supporting local talent and building a brighter future for young people in our county. We believe in investing in skills and creating opportunities that pave the way for rewarding careers for a diversity of talent within the highways industry. Together we can build strong foundations for tomorrowโ€™s workforce. Ringway are proud to have sponsored the 2024 Surrey Festival of Skills.โ€

Abeera Mohammad, STEM Lead at Haleon said: โ€œHaleon are proud to have sponsored the Festival of Skills this year. As a world-leading consumer health company with our Headquarters based in Surrey, we were excited to promote STEM careers and give back to the community.โ€

Interested in supporting future skills initiatives in Surrey? Or Looking for support to skill up your workforce? Get in touch with the Business Surrey team via the contact us form.

You can also find about more about the event on the Surrey Festival of Skills website.

Five people - two women and three men - stand posing for a picture in front of promotional banners for the Surrey Festival of Skills. They are wearing professional outfits, including suits and shirts and smiling at the camera.
A teenager in a brown hooded top smiles at the camera while holding a large snake. He has headphones round his neck and is wearing a bag on his back. Next to him is a man in a black Activate Learning jacket. Both are smiling at the camera.
Thee teenager girls in school uniform walk alongside a robotic dog. They are in a sports hall and behind them are banners for the Surrey Festival of Skills.
An aerial view of a sports hall during a busy exhibition event. There are hundreds of people stood around dozens of stalls.

Decarbonise your business with free support for Surrey SMEs

Free support for Surrey small and medium enterprises (SMEs) to decarbonise their business is now available from Surrey County Council.

Companies with fewer than 250 employees can sign up for the support. It’s only available to those based in the boroughs of Woking, Guildford, Waverley, Reigate and Banstead, Spelthorne and Surrey Heath.

Find out how to cut your energy costs, calculate your carbon footprint and get your business to Net Zero. You could even access a loan to go green!

Scroll down to see the free support which your Surrey business could access.

Or you can get in touch with our business experts, who can provide free bespoke advice for your business.

Free business decarbonisation course

A free business decarbonisation course is now up and running for eligible Surrey businesses.

The course will:

  • introduce a bit of business context relating to climate change and carbon literacy,
  • help you understand where your business’ emissions lay,
  • enable you to calculate your business carbon footprint;
  • help you become more sustainable, reduce your energy costs and cut your carbon footprint
  • help you define your business path to Net Zero, set targets and leverage your efforts to make your business more competitive and your products and services more desirable
  • empower you to adapt and build resilience to address climate change

Courses are available in person and online.

The in-person courses are:

  • Thursday 17 October 2024 at Guildford Borough Council
  • Wednesday 13 November 2024 at Surrey Heath Borough Council
  • Wednesday 27 November at Waverley Borough Council
  • Wednesday 22 January 2025 in Reigate and Banstead at Surrey County Council headquarters
  • Thursday 13 February 2025 in Woking
  • Thursday 6 March 2025 at Spelthorne Business Hub

On demand online courses will be made available from late October.

To book your space visit the Surrey County Council website.

Free carbon calculator tool

Ever wondered how much carbon your Surrey business uses?

As part of the decarbonisation course, you can find out! You’ll be given a one year licence to access and use the Climate Essential carbon calculator tool.

This will enable you to calculate your base line carbon footprint. Plus, you can see where you can make adjustments and gains to further reduce it.

Free business decarbonisation assessment

The free business decarbonisation assessment helps small and medium businesses in six Surrey boroughs to decarbonise and save on energy.

The online meeting is a virtual walk around premises, looking at energy use, transport, and supply chain.

A personalised report identifies opportunities for energy saving and projects which may be eligible for a business decarbonisation loan.

You can then decide if you wish to apply for a business decarbonisation loan to complete any or all of your decarbonisation projects.

There is no obligation to progress any of the potential projects to a loan application.

Business decarbonisation loan

The business decarbonisation loan programme has been created to help business and organisations decarbonise.

It will also allow you to invest to cut your energy bills, improve your premises and be more efficient.

Loans range from ยฃ5,000 to ยฃ15,000. It can can cover up to 50% of the total project cost. You will need to fund the rest.

Projects could include lighting and heating upgrades, installing solar panels, replacing old energy hungry equipment and switching to electric vehicles.

The loan is only available to businesses who have had a free business decarbonisation assessment.

Fully-booked Surrey Festival of Skills set to be even bigger and better for 2024

The Surrey Festival of Skills is set to fire up thousands of young people to be inspired about their futures.

Now in its second year, the event gives over 2,000 young people the chance to connect with and learn more about some of Surreyโ€™s brightest and best businesses and training providers.

The Festival of Skills is open to all young people in education aged 14 to 18 โ€“ whether they are educated in school, college, at home or by any other educational route.

The event has been organised and funded by Surrey County Council, with support from the Association of Learning Providers Surrey (ALPS). Sponsorship is provided by consumer health company Haleon and highways services provider Ringway.

Due to overwhelming interest, regular registration is now closed, however the organisers are operating a waiting list for those who still wish to register.

Routes to work plus training and skills pathways

This free one-day careers event will be held at Surrey Sports Park, Guildford on Tuesday 15th October and will bring together over 80 exhibitors from a diverse range of industries, including household names like Balfour Beatty, Siemens, McLaren and London Gatwick Airport.

Organisations from more unexpected or specialist sectors will also be exhibiting on the day, representing areas as diverse as private detectives, cyber security, osteopathy and early years education.

All of Surreyโ€™s Further and higher education providers are exhibiting, along with a range of  independent training providers so that the young people attending can learn more about the  training and skills pathways available.

Public sector institutions will also be represented with the Animal & Plant Health Agency, National Highways, Police and Surrey Fire & Rescue among those attending.

The organisers expect this diverse mix of exhibitors will provide information, guidance and inspiration for the whole range of young people attending, no matter what their interests and future career aspirations may be.

Cllr Matt Furniss, Surrey County Councilโ€™s Cabinet Member for Highways, Transport & Economic Growth, said: “We expect this yearโ€™s Festival of Skills to build on the success of last yearโ€™s inaugural event in providing the young people of Surrey with the chance to meet and speak with major employers and educators, learn about what theyโ€™re looking for, and be inspired about their futures.โ€

Lewis Bridgman, Business Unit Manager at Ringway said: โ€œRingway are committed to supporting local talent and building a brighter future for young people in our county. We believe in investing in skills and creating opportunities that pave the way for rewarding careers for a diversity of talent within the highways industry. Together we can build strong foundations for tomorrow’s workforce. Ringway are proud to sponsor the 2024 Surrey Festival of Skills.”

Abeera Mohammad, STEM Lead at Haleon said: โ€œHaleon are proud to be sponsoring the Festival of Skills this year. As a world-leading consumer health company with our Headquarters based in Surrey, we are excited to be able to promote STEM careers and have the opportunity to give back to the community.โ€

For further information visit www.surreyfestivalofskills.co.uk.

Tim Oliver, (leader, Surrey CC), Dawn Redpath (Surrey CC), Jack Kennedy (Surrey CC), Richard Grainger (Business Leaders Forum) at the 2023 event.

Tandridge Business Awards winners announced

The winners of the inaugural Tandridge Business Awards have been announced at a glittering award ceremony at Lingfield Park Resort.

Launched in May 2024, the awards attracted over 120 entries showcasing the districtโ€™s businesses.ย The winners were drawn from an impressive array of high calibre entries with finalists announced in September.

The ceremony was compered by Sir Richard Stilgoe, founder of the Orpheus Centre in Godstone, a charity and college where young disabled people use the arts to prepare for independent living.

Business Surrey sponsored the event, along with a host of local organisations, including Ann Summers, East Surrey College, LoveOxted and Surrey Chambers of Commerce.

A spokesman for Tandridge District Council said: “Our first Tandridge Business Awards received an incredible response, with over 120 applications showcasing the best of our districtโ€™s businesses.
ย 
“Well done to everyone who entered. The quality of applications was exceptionally high and our independent judges had a difficult task to select the winners.”

High Street Business of the Year

Business Surrey was proud to sponsor the High Street Business of the Year Award.

With Tandridge home to a several thriving towns and villages – such as Oxted, Caterham and Godstone – there were some strong entries to judge.

The Federation of Small Businesses (FSB) joined the Business Surrey team in judging the award.

The three shortlisted businesses were:

The winner was The Lost Sheep, an independent gift and tea shop in Caterham.

Writing on her website, owner Sally said: “For many years I have wanted to open a tea shop and gift shop which serves the local community. When we finally opened the shop in November 2019 it was the start of a dream being fulfilled. I wouldn’t have made it this far without the support from my family and friends.”

Winners of the Tandridge Business Awards

The other winners of the 2024 Tandridge Business Awards are:

For a full list of shortlisted businesses visit the Tandridge Business Awards web page.

Four people - two men and two women - in formal evening dress pose for a picture in front of promotional banners for the Tandridge Business Awards.
Two women in formal evening wear pose for a picture while sat down at a round table. They are sat in an awards ceremony.
A man in a black suit stands up next to a round table, which is full of people in evening wear. They are at an awards ceremony.

Boost for UK startups as two key investment schemes are extended

Startup funding schemes, the Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) scheme have been extended by ten years to 5 April 2035.

Government extends two leading investment schemes aimed at startups

Thousands of entrepreneurs and startups are set to benefit from the extension of two leading government investment schemes targeted at helping startup businesses get off the ground and grow.

The Enterprise Investment Scheme (EIS) and the Venture Capital Trust (VCT) scheme were both set to end on 6 April 2025 but will instead run until 5 April 2035.

The schemes are designed to encourage investment into new or young companies through tax-relief incentives, encouraging innovation, creating jobs and stimulating economic growth.

The two startup investment schemes at-a-glance

Both schemes offer incentives to investors of up to 30% upfront income tax relief and an exemption from capital gains tax on any profits made after the sale of shares.

Launched in 1994, the EIS scheme offers investors loss relief as long as shares are held for at least two years.

VCTs, which were then introduced in 1995, are companies listed on the UK stock exchange. They invest in early-stage trading companies on behalf of investors. Dividends received from VCTs are tax-free.

Since the launch of the EIS in 1994 the two schemes have delivered significant impact and success with over ยฃ41 billion raised to date.  

What’s in it for startups?

This ten-year extension will benefit startups and help provide access to startup funding by providing investors with the confidence to continue to invest into high-risk, early-stage businesses. Early stage investment of this type is a vital element in supporting long-term growth and the development of the economy on both a regional and national scale.

Read more: Boost for UK growth as start-up investment schemes extended – GOV.UK (www.gov.uk)

More help for startups

Business Surrey is a Surrey County Council service providing free and accessible support for all businesses in Surrey, including startups.

Our team of experts can provide independent and impartial advice on accessing startup funding and grants, as well as other sources of support for startups. Contact the team for free via our Business Support Form.

Sign up to our newsletter for regular updates on news, events and support for all Surrey businesses.

Find out more about what we do and how to access one of our many startup-friendly services by completing our Contact Us form.