5 things UK startups should know about the government’s budget

Today was Budget Day in the UK.

In this article by Cristina Gallardo for Financial Times backed European Tech news site Sifted, EnterpriseAlumni CEO Emma Sinclair MBE discusses the swift actions of the UK government and in particular HM Treasury, fixing legislation impacting angel investment and the ability of women to angel invest.

On January 31, the UK government increased the annual income threshold that defines high net-worth individuals. You have to be a high net worth to receive investment opportunities in unlisted equities (so all start ups and scales ups) in the UK so the increase effectively reduced the number of women eligible to back businesses - and reduced the pool of people businesses can seek out to finance them. Now, just 2 months later, the government has reversed its decision.

Emma said: “My hope is that we channel this momentum to continue pushing for real change in favour of women both in terms of funding and revenue growth.”

Read full article: https://sifted.eu/articles/uk-startups-budget-news