UK Autumn Budget 2025: EMI Reform Announced
TL;DR
Legal analysis of UK's 2025 EMI expansion doubling employee limits and extending exercise periods.
Legal analysis of the UK's 2025 EMI expansion, providing practical guidance for companies on the new thresholds and eligibility criteria. Explains what changed and implications for UK startups.
Key Findings from Orrick (2025)
- Employee limit doubles from 250 to 500
- Asset threshold quadruples to £120 million
- Exercise period extends from 10 to 15 years
- Changes effective from April 2026