The good people at cmypitch, which I came across last year, have had an investor event which has featured on the BBC:
http://cmypitch.com/small-medium-businesses/blogs/show/520/cmypitch_live_makes_bbc_one
Not suprisingly one of the private investors on the video says that its a good time for investors with cash as entrepreneurs looking for cash are having to be more realistic in what they can command.
cmypitch.com provides services and networking for UK small businesses, connecting entrepreneurs with each other, investors and service providers.
It appears cmypitch.com is no longer in business as we enter 2012.