Angel Investors Hopeful UK Government May Reverse Some New Rules
- Angel investors will have to earn a minimum income of £170,000
- Government agreed to meet with business community over changes
Grace Beverley, founder of several businesses including clothing brand TALA.
Photographer: Alex Morgan/Bloomberg
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The British government pledged to work with entrepreneurs and investors to ease concerns caused by updates introduced to the UK’s “angel investor” program, which critics say will worsen the investment landscape for women.
Bim Afolami, economic secretary to the Treasury, met with representatives from the Startup Coalition on Wednesday to address a backlash over changes to the legislation imposed on the same day, which governs who can be approached to invest in a business. In a readout circulated after the meeting, the Treasury said Afolami “undertook to work closely with those sectors affected to address the concerns raised.”