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.”
crowdcube
