Following the interest rate hike pause, which aligns with this week’s overall positive economic data trends, John Glencross, CEO and Co-Founder of Calculus, has shared his comments.
“Today’s interest rate decision narrowly avoids the highest level seen since 2007 and aligns with this week’s overall positive economic data trends, which provide reasons for optimism. This week’s inflation data brought encouragement to both consumers and businesses. Additionally, recent substantial revisions to historical growth data have fundamentally reshaped the narrative of our post-pandemic recovery. These are positive signs for the UK’s business environment, however, to ensure longer-term improvement, the smaller segment of the market deserves particular attention as it often holds the potential for significant growth.
“Now, more than ever, it is imperative for the financial markets to explore genuine opportunities to back a new generation of British entrepreneurs. The Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCTs) continue to serve as crucial pillars of support for this sector, fostering growth and championing innovative British enterprises. Calculus, a pioneer of the first approved EIS fund 23 years ago, remains unwavering in its commitment to supporting UK SMEs. Leveraging our extensive experience in nurturing companies within rapidly expanding industries, we remain dedicated to providing innovative and tax-efficient venture capital investment opportunities for investors.”