The UK is the place for start-ups, say 39 top British investors

[John Bringham, Investments Contributor]

Telegraph: In a letter to the Telegraph, 39 of the UK’s top venture capitalists say that the country’s recent budget is a ‘shot in the arm’ for business and as such it will enable them to put more money into start-up projects.

The investors signing the letter include:-

Will Adderley, CEO, Dunelm Group
Robert Bensoussan, Chairman, L.K. Bennett
Andy Bond, Chairman, ASDA
Ian Cheshire, Chief Executive, Kingfisher
Gerald Corbett, Chairman, SSL International, moneysupermarket.com, Britvic
Peter Cullum, Executive Chairman, Towergate
Tej Dhillon, Chairman and CEO, Dhillon Group
Philip Dilley, Chairman, Arup
Charles Dunstone, Chairman, Carphone Warehouse Group, Chairman, TalkTalk Telecom Group
Warren East, CEO, ARM Holdings
Gordon Frazer, Managing Director, Microsoft UK
Sir Christopher Gent, Non-Executive Chairman, GlaxoSmithKline
Ben Gordon, Chief Executive, Mothercare
Anthony Habgood, Chairman, Whitbread
Chairman, Reed Elsevier, Aidan Heavey
Chief Executive, Tullow Oil
Neil Johnson, Chairman, UMECO
Nick Leslau, Chairman, Prestbury Group
Ian Livingston, CEO, BT Group
Ruby McGregor-Smith, CEO, MITIE Group
Rick Medlock, CFO, Inmarsat; Non-Executive Director lovefilms.com, The Betting Group
John Nelson, Chairman, Hammerson
Stefano Pessina, Executive Chairman, Alliance Boots
Nick Prest, Chairman, AVEVA
Nick Robertson, CEO, ASOS
Sir Stuart Rose, Chairman, Marks & Spencer
Tim Steiner, CEO, Ocado
Andrew Sukawaty, Chairman and CEO, Inmarsat
Michael Turner, Executive Chairman, Fuller, Smith and Turner
Moni Varma, Chairman, Veetee
Paul Walker, Chief Executive, Sage
Paul Walsh, Chief Executive, Diageo
Robert Walters, CEO, Robert Walters
Joseph Wan, ,Chief Executive, Harvey Nichols
Bob Wigley, Chairman, Expansys, Stonehaven Associates, Yell Group
Simon Wolfson, Chief Executive, Next.

The investors are particularly complimentary about the UK Chancellor’s decision to increase tax relief on new business investment from 20% to 30% which they consider to be an excellent lift-up for start-up funding.

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