Commentators Spy Bright Future For UK Tech Start-Ups


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The UK media has carried a series of commentaries in recent days asking more or less the same question: Why are there no UK tech giants, like Amazon or Google? It's a moot point, but we can at least say with some conviction that we have a healthy tech sector in the UK, and the outlook for start-ups is excellent.

For example, David Prosser in Forbes sees a distinctly positive future: "The UK now has one of the most generous tax relief systems anywhere in the world for supporting start-up businesses. For example, investors backing nascent companies via schemes such as the enterprise investment scheme get most of their starting capital back via tax breaks – at one stage, the seed enterprise investment scheme was so generous that investors even made a profit when their investee companies went completely bust.

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"Moreover, technological innovation makes it easier than ever before for such companies to reach investors. The UK's crowdfunding ecosystem, sourcing loans and equity investments for start-up businesses, leads the world. The sums raised by the alternative finance sector continue to rise at an exponential rate.

"As for start-up businesses seeking to scale up - an area where it is often said that the funding shortage is especially acute - the environment is improving here too. The Business Growth Fund, for example, has made dozens of multi-million pound investments in such businesses. New players are coming on-stream all the time, often with Government backing – the British Business Bank, for example, has just announced a new fund that will pump £40m into fast-growing businesses."

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Money&Co. typically funds businesses over a dozen years old (though the minimum requirement is just three years' filed accounts) with a strong track record of profitability. So our borrowers are typically more mature than start-ups. Business owners looking to fund growth should see our How To Borrow page, and the embedded video.



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