Save Our Startups campaign launched
by Startacus Admin
Britain's startup and tech communities need government help - the Save Our Startups campaign highlights how...
Save Our Startups is a new campaign that has just been launched by Crowdcube, with joining partners including industry heavy-weights, Capital Enterprise, Coadec, Draper Esprit, EIS Association, UK Business Angels Association, Seedrs, Tech London Advocates, Founders Forum, and The Entrepreneurs Network. In an Open Letter to Boris Johnson they have outlined what needs to be done to protect Britain’s entrepreneurial future from the economic crisis caused by Covid-19.
With the French and German Governments committing €6bn in funding to rescue their startup and tech communities, there is a need for the UK Government to do the same.
The campaign outlines a three-point plan which highlights what needs to be done to help protect Britain’s startup and high growth businesses, namely that the Government needs to:
- provide an equity-based liquidity package suitable to save startups at risk
- fast track payments to startups from public funding schemes - in particular, R&D tax credits and Innovate UK funding grants
- change EIS, SEIS and VCTs to stimulate private equity investment into startup and high-growth businesses.
The Save Our Startups campaign is backed by leading British entrepreneurs including Brent Hoberman, co-founder of Lastminute.com, Alex Chesterman, Co-founder of Zoopla, LoveFilm and Cazoo; and Arnaud Massenet, Co-founder of Net-a-porter.
To read the Open Letter in more detail and to sign the petition and get involved, please visit the Save Our Startups site.
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Published on: 5th April 2020
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