Volpit, an equity crowdfunding platform based in the UK, plans on releasing a report detailing how the Financial Conduct Authority’s new regulatory regime will impact the UK economy and startup investing. The report is set to publish on March 31 and will be called “Enterprise Investment – It’s Your Business.”
“We know from speaking to investors that the lighter touch regime coming into play this April is going to give UK SMEs a major boost, but we wanted to put a figure on it – so we commissioned the report,” Volpit co-founder Justin Nothling told OnRec.
“The report is also our way to promote the new laws, to spread the positive word amongst potential investors and start-ups that are looking to grow. Attracting the ‘right’ investors will not only add financial value but support to make the companies they invest in successful. In the UK, a third of all new businesses fail, and it’s our mission to make sure that figure is reduced now that anyone can invest in anyone.”
Everyone in the UK and many around the world are anxiously waiting for equity crowdfunding rules. The UK government has promised that the FCA would not stifle economic growth, but despite that promise many submitted letters have been critical of the FCA’s approach.