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7th April 2005 - Business Angels - Self Certification

Pre-Budget Report - MEETING THE PRODUCTIVITY CHALLENGE - Financial regulation: 3.66

[an extract - from page 60 of 262pages]

"Business angel investment provides finance to an estimated 3,000 to 6,000 UK businesses a year, which otherwise would have difficulty raising the necessary investment capital.

Responses to the consultation on the Financial Promotion Order20 highlighted the difficulties faced by small firms in identifying investors certified as sophisticated or high net worth, who are exempt from rules that restrict the ability of businesses to promote investment opportunities. "

From January 2005, the Government will introduce self certification for sophisticated or high net worth investors, making it easier for small firms to raise finance from these business angel investors. Self-certification, based on objective tests, strikes a balance between allowing small firms to raise capital, and appropriate protection for investors.

April 2005 - SION introduces a self-certification scheme as part of the Angel registration process.
Click to register


Click for the Chilli view January 2005

Click for:
Opportunity for all:
The strength to take
the long-term decisions for Britain
Pre-Budget Report
December 2004

Click for:
Informal capital raising
and high net worth
and sophisticated investors
Changes to the Financial
Promotion Order
Government response
November 2004