Mittwoch, 27. Februar 2013

Two Years of Equity Crowdfunding

To celebrate its second birthday, Crowdcube has published a new infographic with the statistics behind its success to date. Since it launched in February 2011, Crowdcube, the world’s first equity crowdfunding platform, has raised £5,333,000 for 39 UK businesses, of which 97% are eligible for income tax breaks for investors. These companies will create and safeguard an estimated 918 jobs over the next three years.

Tax reliefs – up to 50 per cent – for investors from Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are proving to be a crucial ingredient for businesses seeking finance. The largest single investment through Crowdcube is £100,000 with the average much lower at £2,547. Food & drink and internet-based businesses continue to be popular sectors to invest in. 

Darren Westlake, CEO and co-founder of Crowdcube commented: “The UK has some of the best tax incentives in the world to stimulate equity investment into start-up and early stage businesses. Investors are savvy about these tax breaks and it is clearly an important factor when deciding where to invest.”