PriyaPatel
TLDR:
Government’s u-turn on angel investing rules will help increase diversity of founders in the insurtech sector. The initial change raised the income requirement for investors, causing disappointment across the sector. The reversal of rules by the government will lower the threshold again, allowing more access to capital for startups.
Key Elements:
- Government reverses changes to angel investing rules to increase diversity of founders in insurtech sector
- Decision to raise income threshold from £100,000 to £170,000 caused disappointment across the sector
- Chancellor Jeremy Hunt confirms threshold will return to £100,000 and £250,000 for net assets, supporting angel investors in early-stage businesses
- Industry experts and trade bodies welcome the decision, highlighting the importance of angel investors in supporting startup development and fostering innovation
The government’s u-turn on angel investing rules is a positive step towards increasing diversity in the insurtech sector. By reversing the changes that raised the income threshold for investors, more opportunities will be available for startups to access capital and for a more diverse set of founders to emerge. This decision has been welcomed by industry experts, trade bodies, and angel investors, recognizing the pivotal role they play in fueling innovation and tech sectors. The move is expected to have a positive impact on female founders and entrepreneurs, creating a more inclusive and supportive environment for startup development.
