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"Thank you. I'm happy to provide an update on Bleu Life Media. Via your website we were able to obtain funding from an angel investor in the amount of $175k. The relationship is working out very well, and we have expanded our business with the capital provided, including the launch of a digital version of the magazine "
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Adrian Roberts - www.bleumagazine.com |
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Small Business Investment - Treasury Wants ‘angel’ Investment In Start-ups
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The supervision has draft rising a new tiny business investment intrigue as segment of a outline to make the UK the “best place in Europe” for business and enterprise.
In a conference paper published yesterday, the Treasury set out skeleton for a new stand-alone intrigue written to aim seed investment by “business angels” – affluent people investing in start-up firms.
Plans to launch the Business Angel Seed Investment Scheme (BASIS) follow changes to Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) voiced in this year’s Budget.
These enclosed raising the annual EIS investment confine for people to £1m from April 2012 and stepping up the annual investment confine for subordinate companies to £10m for EIS and VCTs.
“The supervision wants to make the UK the most appropriate place in Europe to start, financial and blossom a business and you know a key segment of this is ensuring access to a far-reaching operation of sources of finance,” mentioned Exchequer Secretary to the Treasury David Gauke.
He updated the new seed investment scheme, to one side remodel of the EIS and VCTs, is segment of a wider outline to enlarge the competitiveness of the UK taxation network and denote Britain is “open for business.”
In the Budget, the Government mentioned it would deliberate on ways of enlivening seed investment by taxation reliefs among fears the smallest companies face burden attracting equity finance.
The conference time for today’s paper runs to 28 September 2011.
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