New Business Angel Fund Opens for England

Created with grant funding from the Government's Regional Growth Fund, the new £50 million Business Angel Co Investment Fund has recently opened, investing alongside Business Angel syndicates throughout England.

Designed and established by a consortium of private and public sector bodies with expertise in business angel investment, the initiative aims to boost the quality and quantity of business angel investing in England, and to support long-term, high quality jobs in expanding companies.

Initial equity investments of between £100,000 and £1 million will be made in SMEs, alongside business angels. The programme is subject to certain geographical restrictions and has an upper limit of 49% of investment.

Decisions will be made by Fund's independent Investment Committee, based on the detailed proposals put forward by business angel syndicates.

Those seeking investment should first secure the interest of the business angel syndicate or network since the Fund is not open to direct approaches from individual companies. Businesses seeking investment can find more information on business angels, syndicates and networks from the British Business Angels Association website at: http://www.bbaa.org.uk

Ways to get in touch

Further details will be published at the dedicated website http://www.angelcofund.co.uk shortly.

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