City AM: The UK is leading the way in crowdfunding as the rest of Europe plays catch-up

European online alternative finance grew 41 per cent to 7.7 billion euros in 2016, says the 3rd European Alternative Finance Industry Benchmarking Report by the Cambridge Centre for Alternative Finance (CCAF). The UK remained the largest alternative finance market in Europe at €5.6 billion (£4.9 billion). “Europe is growing from a much lower base so you are going to see much more rapid growth,” said Tania Ziegler of the CCAF. “It’s slower growth in the UK but that’s because we have seen consolidation, and the platforms that are active are very strong incumbents.”

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