Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what discussions his Department has had with stakeholders on the decision to increase the angel investment annual income threshold to £170,000.

The Department for Business and Trade has received several representations about the recent increase in the threshold level for angel investors wishing to self-certify as High Net Worth individuals under the Financial Services and Markets Act 2000. These representations have been referred to HM Treasury which is the sponsor of this legislation.