UK crowdfunding sector launches trade association

The UK’s leading crowdfunding businesses have joined together to launch a trade body, the UK Crowdfunding Association, aimed at providing clarity and consumer protection and for the whole industry. Crowdfunding in the UK has experienced massive growth over recent years. Operators provide a much-needed alternative source of finance for businesses looking to raise funds, and it is an easy and transparent way for ordinary retail investors to put...

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Crowdfunders team up for trade body

Twelve “crowdfunding” firms have joined forces to create a self-regulatory trade body for the industry, which lets members of the public back start-up businesses. Members of the UK Crowdfunding Association (UKCFA) will have to comply with a code of practice to protect investors’ funds and keep them separate from the companies’ own money. Accounting firm Deloitte estimates the crowdfunding sector will help firms raise about £1.9 billion...

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New regulator aims to boost confidence in crowdfunding

New regulator aims to boost confidence in crowdfunding

The UK Crowdfunding Association will provide a code of practice and operating standards for 12 founder members. Crowdfunding sees online platforms allow small firms and start-ups to raise capital from a many small investors, either by selling an equity stake, or in return for “rewards” and discounts related to a product or service. Julia Groves, chair of the new body, said: “This is the sector pulling its socks up. In the context of...

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PRESS RELEASE: UK crowdfunding sector launches self-regulatory body

13 March 2013 The UK’s leading crowdfunding businesses have joined together to launch a trade body, the UK Crowdfunding Association (UKCFA), aimed at providing clarity and consumer protection and for the whole industry. Crowdfunding in the UK has experienced massive growth over recent years. Operators provide a much-needed alternative source of finance for businesses looking to raise funds, and it is an easy and transparent way for ordinary...

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