Last week, the UK government revealed data that indicated that the economy delivered no growth during the 4th quarter of 2022 – barely evading a recession. As inflation continues to hit the economy hard, the news remains rather grim, and the next report could indicate that things have gotten worse. CI received a comment from Calculus co-founder and CEO John Glencross, who struck an optimistic note on the news.
Calculus is a VTC – EIS fund investor, providing access to tax-advantaged vehicles. Calculus aims to invest in early-stage businesses with growth potential across various sectors in the UK. Its funds provide an approach for investors that provide the possibility for higher returns due to the tax benefits.
Glencross said the news of no recession yet will be welcomed by investors and advisers as the economy kicks on from the sluggish growth and high inflation:
“The UK has shown remarkable resilience despite significant uncertainty caused by rising interest rates, supply chain issues, increases in wages, and a worsening cost-of-living crisis. Demand for growth capital remains at unprecedented levels and there is now a real opportunity to provide meaningful support to a new generation of UK companies driving the digital revolution forward, improving healthcare, and creating jobs and opportunities throughout the country.”
Glencross believes that “knowledge-intensive companies,” including tech and healthcare are poised to thrive, due in part to the UK’s strong presence of research universities, robust Government support, and thriving M&A market. Calculus is currently investing in these sectors.
“The UK’s technology sector leads the European market, having raised double the amount of VC funding of any other country in 2022. Meanwhile, the UK healthcare sector has, in recent years, been a world leader in fighting pandemics and advancing patient care.”
Calculus accepts smaller investments starting at £25,000.
