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Built Cybernetics was delighted that its Chief Executive Nick Clark was invited to join a delegation of six Quoted Companies Alliance member companies at 10 Downing Street this week, for discussions on enhancing the attractiveness of the AIM growth market on which they are all quoted. The meeting, hosted by the City Minister, Emma Reynolds MP, and the Prime Minister’s Special Advisor on Business & Investment, Varun Chandra, brought together QCA head James Ashton and a broad cross-section of AIM businesses and others to address the opportunities and challenges facing AIM companies.

The discussions were further bolstered by the presence of smallcap investors Liontrust Asset Management, Octopus Investments, and BGF, as well as Marcus Stuttard, Head of AIM and UK Primary Markets at the London Stock Exchange.

As an innovative force in smart building technology, Built Cybernetics highlighted how trading on AIM can fuel our expansion as the newest PropTech firm on the London market, enabling us to drive innovation and grow our business. However, we also emphasized the need to streamline reporting requirements, ensure proportionate regulatory oversight, and take measures to increase investment in AIM companies. We noted that AIM currently has more companies worth under £10m than over £100m and urgent change is needed to make it easier for the smallest companies to achieve rapid growth.

With the AIM market approaching its 30th anniversary in June, Built Cybernetics supports the Quoted Companies Alliance’s (QCA) push for greater access to growth capital. Key initiatives discussed include ensuring pension providers are aware that AIM companies are quoted but not listed, and therefore can be used to meet their Mansion House Compact commitment to invest in unlisted equities, and adapting the British Business Bank to provide greater support for AIM companies.

With a rapidly growing need for smart infrastructure solutions, Built Cybernetics is excited about the future and remains committed to leveraging AIM’s unique advantages to scale our operations and contribute to the UK’s economic growth. We look forward to continued engagement with policymakers and investors to ensure AIM is a vibrant and dynamic market for businesses like ours.

Built Cybernetics Chief Executive attends 10 Downing Street meeting