Luke Davis, CEO and Founder of IW Capital, told GBI Magazine: “The Chancellor rightly recognised the importance of the UK’s fantastic entrepreneurs, small businesses and investors, as they lead the way in our private sector economy. Brexit has dominated the political and economic landscape recently, but despite this we have seen a huge amount of investor confidence and deal-flow at IW Capital in supporting small businesses.
“Fostering an environment where this entrepreneurial confidence is nurtured and encouraged is vital.
“The commitment to increased technology investment reinforces moves at the Autumn Budget to increase funding for ‘knowledge-intensive’ small businesses through EIS. Philip Hammond’s announcement of further investment into research and development represents a move to support Britain’s forward facing global economy that leads the way in innovation, starting with world-leading start-ups and SMEs.”