David Maas on the boost for angel investment
21/04/11
The new 30% tax relief rate for the Enterprise Investment Scheme
was introduced on 6th April. Other improvements will follow later
in the year subject to EU approval. The change from the previous
20% to the new 30% rate is clearly a major boost to angel investing
and reinforces the importance of angel investing to the economic
recovery.
Both start-up companies and early stage businesses rely heavily
on private investors for funding especially as the commercial
lending sector are still reluctant to engage at this level.
Our latest investment opportunities have
just been published. Registered investors can search the
opportunities to find something to suit them.
David Maas
Manager, xénos
Having undertaken a management buy-out of a lossmaking division of Thorn EMI, to form Scipher plc, David Hulston became its managing director.
RUMM approached xenos to help it achieve its global expansion plans.
The former financial auditor explains how he became an angel and why people, honesty and realism are critical.
Gavin began his career as a chartered accountant only to realise his passion was to invest in and run a business.