A recent change in rules means that the threshold below which UK companies can raise money without the need for a costly investment prospectus is now €8m (£7.07m) – it was previously €5m. This means some larger businesses that were previously put off by the need for an expensive prospectus as part of the process will now be able to raise up to €8m without the need to do so.
Already the luxury travel business, Mr & Mrs Smith have taken advantage of this and recently raised £6.136m from 2,126 investors via a crowdfunding raise on Crowdcube.