The UK Crowdfunding Association will provide a code of
practice and operating standards for 12 founder members.
Crowdfunding sees online platforms allow small firms
and start-ups to raise capital from a many small investors, either by selling
an equity stake, or in return for “rewards” and discounts related to a product
or service.
Julia Groves, chair of the new body, said: “This is
the sector pulling its socks up. In the context of other forms of lending
failing to deliver for small businesses, this sector needs to mature.” Read more: Daily Telegraph
