Crowdcube has become authorised and regulated by the Financial Services Association (FSA) after submitting an application in 2011.

It makes Crowdcube the first authorised crowdfunding platform to allow investors to become direct shareholders in UK businesses.

Lord Young, advisor to the Prime Minister at Number 10, and a vocal supporter of equity crowdfunding and alternative sources of business finance was keen to show his support.

FSA authorisation is awarded to organisations that pass rigorous scrutiny of systems and controls, resources and suitability. It also means that Crowdcube investors will now have access to independent experts from the Financial Ombudsman Service (FOS) and claim compensation from the Financial Services Compensation Scheme (FSCS).

This is a significant milestone on Crowdcube’s journey to become the number one source of equity finance for businesses and transform how people invest in the UK.