" class="no-js "lang="en-US"> UK Avoiding Recession - Focus Needed on Tech & Healthcare
Thursday, June 13, 2024

Comment on the UK Avoiding Recession With Focus Needed on Tech and Healthcare Businesses

Commenting on the UK narrowly avoiding recession with focus now needed on technology and healthcare businesses, John Glencross, CEO and Co-Founder of Calculus, said: “Today’s news will be welcomed by investors and advisers as the economy kicks on from the sluggish growth and high inflation that we saw last year. The UK has shown remarkable resilience despite significant uncertainty caused by rising interest rates, supply chain issues, increases in wages and a worsening cost-of-living crisis. Demand for growth capital remains at unprecedented levels and there is now a real opportunity to provide meaningful support to a new generation of UK companies driving the digital revolution forward, improving healthcare and creating jobs and opportunities throughout the country.

 

“Knowledge intensive companies within technology and healthcare – two of the UK’s fastest growing sectors – operate in an exciting investment landscape due to the UK’s strong presence of research universities, robust Government support, and thriving M&A market. The UK’s technology sector leads the European market, having raised double the amount of VC funding of any other country in 2022. Meanwhile, the UK healthcare sector has, in recent years, been a world leader in fighting pandemics and advancing patient care.

 

“Calculus, which established the first approved EIS fund 24 years ago, launched a Knowledge Intensive Enterprise Investment Scheme (EIS) Fund in October to provide investors with the opportunity to not only benefit from the diversified, strong performing and tax efficient nature of its products, but to also support innovative UK companies with a societal purpose and impact with at least 80% of the fund’s capital invested into businesses carrying out research and development to create new intellectual property.”

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