Petition updateAct now to save small businesses & start-ups - CBILS not available to so many...

Thank you - the Government is listening:

Vala Capital
Apr 21, 2020

Thank you!

The Government has listened to our call for greater support for small businesses - following your signatures, which now stand at almost 5,000 - and our continued lobbying with the Chancellor and small business ministers, the Government has announced a £1.3bn funding package the "Future Fund" to help start-up and scaleup businesses suffering the economic fallout from Covid-19.

Thank you to everyone that has signed this petition - please know that you do make a difference, and we will continue to work with industry colleagues and the Government to support those small businesses most in need of this Future Fund.

Whilst this funding is undoubtedly welcome, it has not embraced the opportunity to use the Enterprise Investment Scheme (EIS) to motivate private investors to support small businesses, and so we shall continue our efforts to encourage the Chancellor and Business Secretary to promote investor confidence through the use of EIS, which as we know is the Government's own longstanding initiative to invest in start-up and small businesses. By continuing to support and share this petition you can help us with this.

At Vala we strive to work with people, for people, and it is our mission to continue to support the UK's most innovative companies that create jobs and underpin a robust economy that will bounce back in the face of uncertain times. Please always know that you can contact us to find out more about what we are doing, and support our investment initiatives. We will aim to keep you updated with our activities over the coming weeks.

Our thanks to you all again,
Jasper Smith, CEO, Vala Capital

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