Was I the only person to find it a tad ironic that the debate about growth happened in the same week the PLUS Market finally kicked the bucket?
The demise of what was once the great white hope for small-cap companies should draw attention to a much more important debate, which is how do we get risk capital back into the real economy using forms of equity funding? Lurking at the centre of this debate is a massive failure in the capital city of global finance – our growth capital markets are at best a sad underperformer and at worst a complete disaster. SMEs’ capital funding ecosystem is going to be in the hands of a coalition of angel investors, small-scale private equity firms, upstart small banks , Wonga.com and the odd main...
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