One of the City’s most prominent crowdfunding aggregators, Nextfin, has launched a campaign to persuade the Chancellor to do more to support the UK’s struggling start-ups.

Nextfin chief executive, Sacha Bright, has written to Rishi Sunak ahead of next week’s mini-Budget to propose new measures – including raising tax incentives for private investors – to promote investment in the sector. In an open letter to Sunak, Bright argues that the government must do more to support start-ups which have been hit badly by the Covid lockdown. Bright stated in an interview many now face “a dire situation and potential failure”.