Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what recent assessment her Department has made of the equality impact of the increase in the angel investment annual income threshold.

The Government is aware of the recent increase in the threshold level for High Net Worth individuals as defined under the Financial Services and Markets Act 2000. Self-certification under this exemption is one of several ways in which individual investors can make angel investments. Other options include self-certifying as a sophisticated investor through membership of an angel group or syndicate for at least six months, or accessing investments through a firm authorised by the Financial Conduct Authority.

HM Treasury sponsors the relevant legislation and hence the Department for Business and Trade has not sought to assess the equality impact of this change.