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14 June 2019

British Business Bank launch Small Business Equity Tracker

Responding to the launch of the British Business Bank's Small Business Equity Tracker, Federation of Small Businesses (FSB) Policy & Advocacy Chairman Martin McTague said:

“Today’s equity tracker serves to highlight once again the vital role that the BBB plays in facilitating investment in the small firms that make-up 99 per cent of our business community. This work is particularly critical in areas outside of London and the south east where investors can be hard to come by.

“Regarding our withdrawal from the EU, it’s vital that the BBB has the resources to replace the millions of pounds worth of support that small UK firms receive from the European Investment Fund each year.   

“The UK is a leader in the tech space and that’s absolutely to be welcomed. But we do need to look seriously at how we encourage more equity financing for sectors outside of those traditional associated with this kind of investment.

“More must also be done to maximize the impact of the two Enterprise Investment Schemes, with LEPs and the BBB working closely to develop, and share best practice among, clusters of angel investors.”