Jeremy Hunt is set to hold a summit to attract companies to London’s stock market, it has been reported.
The Chancellor has invited the bosses of some of Britain’s most prominent private technology firms to meet on May 16 at Dorneywood, his private residence, according to Sky News.
It comes amid a dearth in stock market listings and a slew of listed companies leaving the City.
The day-long event would target fintech and biotech entrepreneurs who could turn their firms public, sources told Sky News.
Treasury minister Bim Afolami and Rishi Sunak’s business and investment adviser Lord Petitgas will also be there, it was reported.
The invitation reportedly said that Mr Hunt will “discuss the UK’s capital markets and how they can support innovative, high-growth companies such as yours to achieve your growth ambitions”.
It went on: “The UK’s capital markets play a key role in our economy: driving growth, creating jobs and facilitating investment.
“The Government is committed to ensuring that the UK remains the best place for companies to grow, and is already taking forward an ambitious programme of reforms to improve the competitiveness of the UK.”
Digital banks Monzo and Starling Bank are understood to have been invited, Sky News said.
Last week, Ocado made gains amid reports that the retail technology company has reportedly come under pressure from investors to move its stock market listing from the capital to New York.
An HMT spokesperson said: “The Chancellor is meeting with a number of firms to hear their reflections on UK markets and what more the Government and regulators can do to support their growth.”
Why are you making commenting on The National only available to subscribers?
We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
Unfortunately, though, these important debates are being spoiled by a vocal minority of trolls who aren’t really interested in the issues, try to derail the conversations, register under fake names, and post vile abuse.
So that’s why we’ve decided to make the ability to comment only available to our paying subscribers. That way, all the trolls who post abuse on our website will have to pay if they want to join the debate – and risk a permanent ban from the account that they subscribe with.
The conversation will go back to what it should be about – people who care passionately about the issues, but disagree constructively on what we should do about them. Let’s get that debate started!
Callum Baird, Editor of The National
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel