UKBAA CEO Jenny Tooth talks about the investment capacity of the Baby Boomer generation
With a no-deal Brexit looking now a more likely prospect, and Boris assuring us of being “the most pro-business prime minister yet”, it will be even more important to ensure that access to a sufficient supply of angel investment for small businesses across all regions of the UK remains high on the political agenda. This is why it will be vital that our Government continues to ensure a supportive environment to enable angel investment to thrive post Brexit.
Last week UKBAA conducted national research into the investment capacity of the Baby Boomer generation. It is encouraging that our research shows that a significant proportion of this generation identifies strong financial investment capacity and are interested in backing small businesses, particularly within the sectors where they have established their careers. This offers a huge opportunity to tap into this generational capacity to build more Angel investors, especially in regions outside the Golden Triangle where we currently lack a sufficient supply of individuals willing to bring both finance and sector experience to back local growth-focused businesses.
Nevertheless with the continuing political uncertainty surrounding Brexit and its potential impact, we remain concerned at UKBAA that investor confidence in backing British business may be affected. We are keen to know what impact these events have had on the angel investment community and so we will once again be working with the British Business Bank to carry out a survey of the UK Angel market in September. We very much hope you will participate in this market research, enabling us to provide vital data to demonstrate the importance of supporting angel investing here in the UK.