French government tax break is expected to leverage €hundreds of millions of investment by business angels into young fast growing businesses.

French angels are excited and they are growing rapidly in both numbers and levels of activity since the French government introduced its new wealth tax break which can provide angel investors with 75% off their tax bills if they engage in angel investing.  Combined with generous capital gains tax breaks, it looks as if France is now leading the way in government understanding and support for the early stage investment market.  

The market is awaiting the first results of the effectiveness of the scheme in leveraging additional monies into investment, especially from those people who have been encouraged to enter the market for the first time because of the break.  The team at France Angels will be certain to know this information as it comes hot off the presses.  If you would like to hear about it, contact Claude Rameau, President of France Angels via the website www.franceangels.org