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Tech London Advocates launches to support British start-ups

Sophie Curtis | April 22, 2013
The organisation will attempt to accelerate the necessary business conditions to advance start-up growth

The government and the London Stock Exchange is working to change this, with the introduction of a new High Growth Segment that is intended to be a launchpad for fast-growing companies, as well as the abolition of stamp duty on AIM shares and the extension of the Funding for Lending scheme and the Seed Enterprise Investment Scheme (SEIS).

"It is all a bit chicken and egg - yes we need the analysts, yes we need the investors, but what we also need are first movers. We need more companies to say, we are going to build businesses at scale, we're going to float these businesses in the UK," said Marcus Stuttard, head of AIM at the London Stock Exchange.

"Being a public company, the profile and visibility of these businesses grows massively. We've created brilliant platforms - AIM, the new High Growth Segment - but we've had shit economic conditions, and there has been a crisis of confidence, so companies don't want to be the first movers."

 

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