BBAA Newsletter, October 2011
Dear Reader,
Welcome to the October 2011 issue of the BBAA Newsletter. I hope you find this a useful source of information on developments in the Angel and early stage investment market.
We should like to begin by reminding you that the BBAA’s Winter Investment Workshop for 2012 will be held in London, hosted by NESTA on 26th January 2012. This event which we have entitled “Catalysing growth in Angel investing” offers an excellent opportunity to review the impact of new developments in the market place as key policy initiatives come on stream in 2012 and in the face of a continuing financial crisis. It will be preceded by the BBAA Winter Networking Dinner on 25th January which once again will be held in the prestigious and historical premises of the Royal Society at Carlton House Terrace. This will offer an excellent opportunity for exchange of experience and networking and BBAA’s website for this event is now open for registration with more information on key speakers and themes coming on stream shortly. Please visit:
http://www.bbaa.org.uk/events/bbaa-networking-dinner-winter-investment-workshop-2012-25012012
I am also pleased to confirm that BBAA submitted by the deadline a response on behalf of its members to HM Treasury’s consultation on “Tax Advantaged Venture Capital Schemes”. , reviewing the current EIS scheme and new proposals for a Business Angel Seed Investment Scheme (BASIS), to offer additional tax relief to incentivise business angels to invest in seed stage.
The BBAA’s response reflected the views of over 20 of BBAA’s members that had either submitted their written responses or through the consultation meeting with HM Treasury organised by BBAA. There was overwhelming support for the proposed new scheme, but a number of key changes were suggested to HM Treasury notably to ensure synergy with the existing EIS scheme and to ensure a connected market place. We understand that legislation will be drawn up this autumn with the draft Finance bill being launched at the beginning of December. A copy of the BBAA’s response is available on the website:
We are also delighted to see that there continue to be a good number of interesting deals being done by the angel and early stage community across the UK and these are set out in this newsletter. This is very promising, despite recessionary fears, and hope we can all continue this momentum in the months ahead.
We are pleased to include articles and information from our members and should like to remind you to continue to send us news of your activities and deals done so that we can publish these on your behalf in the BBAA website and this newsletter.
We are delighted to welcome CAMCO and DC Consulting as new Associate members of the BBAA. For more information on all of our members please see the BBAA website directory:
http://www.bbaa.org.uk/member-directory
We should also like to remind you that we welcome individual angel investors or small groups of angels to become members of BBAA.
Regards,
Anthony Clarke
BBAA – Chairman