Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Chancellor urged to bolster UK’s late-stage entrepreneurs in spring statement or risk exodus

by February 28, 2025
February 28, 2025
Chancellor urged to bolster UK’s late-stage entrepreneurs in spring statement or risk exodus

The Chancellor, Rachel Reeves, must use her upcoming Spring Statement to unveil targeted measures that will keep the UK’s late-stage entrepreneurial firms from seeking more fruitful investment avenues abroad.

Simon Gleeson, a Partner at leading audit, tax and advisory firm Blick Rothenberg, argues that failing to support home-grown unicorns and pre-IPO companies could damage the Chancellor’s growth agenda. “To keep her commitment to growth, Rachel Reeves needs to do more to support the UK’s entrepreneurial businesses in the upcoming Spring Statement,” he says.

Gleeson points out that in 2024, 88 companies either moved their primary listing or delisted from London, contrasted with just 18 new arrivals. The concern is that an increasing wave of tech, fintech and challenger banks may look to list in the US or Middle East in 2026/2027, where “returns seem far greater and access to institutional investment a lot more forthcoming.”

Government figures suggest around £60bn in pension surpluses could be unlocked from defined benefit schemes. Gleeson says the timely release of these funds could significantly aid late-stage ventures: “The money would give businesses the investment they need to continue to grow and be an incentive for them to stay in the UK.” But timing is crucial; clarity on when such a proposal can be approved is urgently needed, particularly for firms mapping out 2026/2027 listing plans.

While the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) effectively bolster early-stage enterprises, they are less suitable for scale-ups seeking large funding rounds. “The UK’s ‘unicorn’ companies and other pre-IPO ventures require bigger injections of capital than EIS and SEIS can provide,” says Gleeson, adding that the proposed £60bn could prove transformative for these businesses.

Read more:
Chancellor urged to bolster UK’s late-stage entrepreneurs in spring statement or risk exodus

0
FacebookTwitterGoogle +Pinterest
previous post
Former defense secretaries condemn Trump’s firing of senior military officials in scathing letter
next post
Workplace discrimination at alarming levels as nearly half of UK adults report bias

You may also like

Mike Ashley’s Frasers Group in talks with Shein...

September 18, 2023

CBI urges Jeremy Hunt to rethink tax grab...

February 27, 2023

Car finance crisis set to cost billions and...

December 9, 2024

Is It Legal To Invest SSAS Pension in...

January 16, 2025

America is not the greatest country in the...

April 9, 2025

HMRC urged to standardise gift tax rules across...

September 26, 2024

AIB invests €8.5 million in solar developer and...

December 20, 2022

Ryan Reynolds donates £1,600 towards youth football team’s...

January 23, 2023

Former Chancellor Nadhim Zahawi Appointed Chairman of The...

May 13, 2024

Getting to Know You: Carlos Urbaneja, Security Consultant

November 17, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025
    • FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

      June 7, 2025
    • ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

      June 7, 2025
    • FAST distribution and IA

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,562)
    • Stocks (3,135)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved