News Briefing - Crowdfunding, SME And Alternative Finance

crowd children

1. UK - P2P / IFISA

IFISA providers have called on the taxman to created a simplified HMRC submissions process for firms that need HMRC approval but only want to offer an Innovative Finance ISA (IFISA) and not Cash ISAs or stock shares ISAs.

Critics are saying that the submissions process has been adapted rather than designed, and is not fit for purpose. Tony Alner of EasyMoney told Peer2Peer Finance News:

News Briefing - Crowdfunding, SME And Alternative Finance

crowd in nightclub, seen from a DJ point of view

1. UK - Equity

Not everyone is impressed by the latest round of BrewDog's Equity for Punks.One of Scotland's leading newspapers reports that the brewery's latest raise stopped well short of its target."BrewDog has raised over £23 million in its fifth UK crowdfunding round, more than doubling its initial target of £10m but falling well short of the £50m it had hoped to achieve."

Coverage in the Glasgow Hearald.

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