BBAA relaunches Technical Committee
BBAA are delighted to announce the relaunch of its Technical Committee this year. The Committee will be made up of our Associate Members.
Guy Rigby, head of the entrepreneurial services group at Smith & Williamson, will chair the committee. The Committee first met on Wednesday 8th February 2012 at Smith & Williamson's London office. 10 members met and some of the issues discussed included the regulatory environment, due diligence and a new toolkit for Angel Investors.
The decision to relaunch the committee comes at a time of unprecedented change in the SME funding market, with an increasing need for early-stage equity and other non-bank finance. Guy Rigby commented, “Getting the funding landscape right for start-ups and early stage businesses is fundamentally important to the success of Entrepreneur Britain. The right combination of tax reliefs and investing or lending by individuals could go a long way and we will be pushing to further ease the tax and regulatory burdens.”
As per BBAA Terms of Reference, the purpose of the committee is as follows:
- To facilitate the interaction between professional and intermediary bodies concerned with the early stage investment industry, including issues of tax, law and regulation and other relevant activities.
- To represent the interests of BBAA membership to Government, regulatory authorities or other parties.
- To identify and share information on relevant developments and changes concerning important legal and technical issues as they arise and communicate these to the BBAA Board.
- To represent the views of members in technical consultations set up by Government or related bodies as they arise.
- To maintain contact with the relevant professional bodies including EISA so that points of concern can be rapidly addressed concerning the early stage investment industry.
The overall purpose is to provide up to date information and technical tools for those associated and involved in the early stage investment market.
