Former Government Minister & Cameron Advisor States Rules Should Be Relaxed on Crowdfunding

In an article from Reuters David Young, an economic advisor to British Prime Minister David Cameron, was championing the need for relaxing capital raising rules in the UK.  Recently rules have been introduced to facilitate the listing of shares from smaller tech firms in an effort to staunch the flow of the creative class to such magnets at Silicon Valley in California.

Marcus Stuttard, head of LSE’s Junior Alternative Investment Market, also touted the need for change.

“We see a whole pipeline of mid-cap companies … growing very rapidly, generating revenue, that feel like main market candidates but who are not able to access the main market at the moment because the criteria, particularly on free float and corporate governance, are perceived as being too restrictive,” 

With the moribund European economy and rising tax burden across the continent more companies are migrating to the welcoming environment of the United States.

Related article:

Tory conference: Start-up scheme ‘ridiculously generous’

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