UKBAA welcomes the European Commission’s Action Plan on Building a Capital Markets Union
The European Commission has released today the Capital Markets Union Action Plan
UK Business Angels Association (UKBAA) is delighted to see that Business Angel investing has been acknowledged as a key area of investment for start-up and early stage businesses in Europe and that it should be further expanded across less developed regions whilst increasing the potential for cross-border investment and syndication.
The EU is specifically promoting the importance of tax breaks to stimulate the market and is also undertaking an overall review of the impact of tax breaks on the availability of SME risk capital.
Furthermore, the Commission will take forward a package of measures to support venture capital and risk capital financing in the EU to mobilize private capital for this asset class, including amending the EuVECA and EuSEF legislation and pan-European venture capital fund-of-funds and multicountry venture capital funds.
Business Angels Europe (BAE) also strongly welcomes the action plan and stands ready to work with the European Commission and relevant stakeholders to ensure that European start ups can truly benefit from a single market and from angel investing.
Read the Capital Markets Union Action Plan
