Volpit, the UK’s equity crowdfunding platform has announced today that it is due to publish a report on Monday 31st March 2014, revealing how the Financial Conduct Authority’s (FCA) new, ‘lighter touch regime’ around investing in enterprising start-ups will have an impact on the UK economy.
The report, which is called ‘Enterprise Investment – It’s Your Business’ will focus on the expected response to the FCA’s new ‘assumed responsibility’ rules that will enable millions of potential ‘interested investors’ to empower start-ups or growing businesses with the funds they need to excel in the UK.
Justin Nothling, Co-founder of Volpit comments on the impending report: “We know from speaking to investors that the lighter touch regime coming into play this April is going to give UK SMEs a major boost, but we wanted to put a figure on it – so we commissioned the report.
“The report is also our way to promote the new laws, to spread the positive word amongst potential investors and start-ups that are looking to grow. Attracting the “right” investors will not only add financial value but support to make the companies they invest in successful. In the UK, a third of all new businesses fail, and it’s our mission to make sure that figure is reduced now that anyone can invest in anyone.”
Start-up Success Rates in the UK
The start-up trend continues to embrace the UK, with 527,000 start-ups formed in 2013 – a five percent rise since 2012. Seven percent of all new businesses in the UK are owned by those aged 18-30 – a figure that has raised by 45% in the last 12 months.
The sad but true fact is, that out of all businesses started last year, a third, or 175,000 of them will fail within their first 12 months – many of which blame lack of funding, support and poor cash flow to be the main cause of failure.
Volpit’s mission is to empower passionate entrepreneurs with the tools they need to bring their ideas to life in order to secure the support of other passionate people around them. The team’s mantra is: ‘anyone can invest in anyone.’