New £50 Million Business Angel Fund
The £50m Business Angel Co Investment Fund has announced that it is now open for business.
The fund has been created with a grant from the Regional Growth Fund has been designed and established by a consortium of private and public bodies with expertise in business angel investment. It is a private sector body with clear objectives to boost the quality and quantity of business angel investing in England, and to support long-term, high quality jobs in high growth companies. The fund is able to make initial equity investments of between £100K and £1M to SMEs alongside syndicates of business angels, subject to certain geographical restrictions and an upper limit of 49% of any investment round.
Individual businesses seeking investment should first secure the interest of the business angel syndicate or network. To find out more information on business angels, syndicates and networks from the British Business Angels Association website, go to
www.angelcofund.co.uk.
(source Grants Online, the UK's most comprehensive and up to date funding information service)
