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Stop Press: 17 February 2011
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Stop Press 17 February 2011 Our Investment Fair in March is set to be another success with many companies already signed up. We still have some places available, click here for more information. If you are one of our registered investors and haven’t confirmed your attendance yet, then click here to do so. A look back at 2010 provides what may prove to be a momentous year in politics and policy for business and finance. We witnessed a major shift of focus (at least in policy) from public sector driven growth to privately generated growth. Structural changes, with the dismantling of the Regional Development Funds and reduction of Business Links funding together with a range of tax, regulatory and funding initiatives proposed. Notably, we now have a clear sign from the new Coalition Government that Business Angel investment in innovating entrepreneurs is a bedrock of their strategy for a private sector recovery going forward. But how is this going to translate into reality? ................ New programs are being proposed for Regional Growth Funds, subsidies for investor readiness programs and other services provided by Business Link and regional connect teams seem to be just a rebranding of the old ideas. We remain hopeful of a new enlightened approach but are not over confident that it will be achieved. Headline news regarding the banks pledging £1bn in equity funding to small companies is difficult to judge. Banks were criticised over the last two and a half years for over lending with insufficient collateral and for having insufficient capital adequacy to cover bad debts. Now they are being asked to extend unsecured equity in high risk areas where they lack the expertise of the business angel to assess the quality of the company and the level of risk. Far be it for me to defend the banks but it does seem that they are on a hiding to nothing! In our small contribution to the recovery we continue to attract interest from new investors keen to get involved as business angels and beginning to see a stronger deal flow of better run, more sensibly valued businesses seeking funding. Attendance at our London and Manchester Investment Events hosted by St James Place Wealth Management and the Meet the Experts events held with Bristows is proving the increased interest in this investment sector and the will of angel to drive small company investment forward. We have been active in the lobby to HMRC to simplify and extend the EIS rules and include convertible loans to qualify for relief. The trend of investing through convertible loan is already growing in the USA and can provide a sensible way of deferring valuation issues for small companies and protecting investors in early stages. We hope that you find some of the newer projects below of interest and if you would like to see a full list of current projects being managed by us, click here. Regards, Michael Weaver |
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associate of Beer and Partners in January 2010, to enable its clients to draw on the breadth and depth of experience within the Beer team and benefit from Beer’s well established network of private and institutional investors. Since then, Dave has been instrumental in helping to shape Beer's property proposition for clients and investors alike.
