Don’t invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Crowd2Fund attends George Osbourne launch of Innovate Finance in Canary Wharf

Today Crowd2Fund attended Chancellor George Osbourne launch Innovate Finance, an industry body backed by the City of London Corporation and Canary Wharf Group to promote the growth of the UK financial technology sector. He outlined new measures that will help stimulate this, they include an additional £100m investment in the fintech community.

7th August 2014

Today Crowd2Fund attended Chancellor George Osbourne launch Innovate Finance, an industry body backed by the City of London Corporation and Canary Wharf Group to promote the growth of the UK financial technology sector. He outlined new measures that will help stimulate this, they include an additional £100m investment in the fintech community; the chief scientific advisor to review FinTech; an investigation into ‘new’ digital currencies; and consultations to be made into 5G and on needs for future digital infrastructure. 

Currently, the UK FinTech industry generates around £20 billion in revenue annually, according to a report released by Ernst Young and UK Trade and Investment. (http://www.ey.com/Publication/vwLUAssets/Landscaping_UK_Fintech/$FILE/EY-Landscaping-UK-Fintech.pdf) We are in a new era of banking and the financial world services are in a period of rapid change. This change needs to continue to grow in terms of reputation and financially. Osbourne explained that London can be made the FinTech capital of the world with the right government backing. London already has the highest density of start-ups in the world (http://www.accenture.com/Microsites/fsinsights/capital-markets-uk/Documents/Accenture-Global-Boom-in-Fintech-Investment.pdf) and the new announcement provides a lifeline to businesses who have had their funding requests denied by banks. Crowd2Fund commend the government for showing their pledge to supporting FinTech companies. 

 

Related Posts

How to Prepare your Business and Benefit from a Hard Brexit

How to Prepare your Business and Benefit from a Hard Brexit

Posted: 22nd February 2019

Amidst the talk of Brexit, one word is constantly mentioned: ‘uncertainty’. To cut through what may...

Practical sustainability in the workplace

Practical sustainability in the workplace

Posted: 18th February 2019

Incorporating sustainability into your business can reap rewards beyond the obvious societal benefit...

Innovative Finance ISA Rules (IFISA)

Innovative Finance ISA Rules (IFISA)

Posted: 19th May 2017

The UK will shortly see a new law introduced for an exciting Innovative Finance ISA (IFISA), which w...

Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.

Top