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Regional angels programme investor scheme introduced…

Regional angels programme investor scheme introduced…

The British Business Bank has introduced a regional angel investor scheme. 

The British Business Bank has introduced a £150 million Regional Angels Programme, a new investor scheme aimed at “helping reduce regional imbalances in access to early-stage equity finance for smaller businesses across the UK”.

What is the Regional Angels Programme?

As part of Prime Minister Johnson’s Levelling Up plans for the UK, £150 million of the £1.7 billion funds has been allocated to the British Business Bank to provide start-ups and smaller companies outside of London and the Southeast with finance, where they may not have otherwise been able to achieve.

The plans were announced at the Autumn Budget Spending Review 2021, with the £150 million funds being provided over a three-year span.

According to British Business Investments (a subsidiary of the British Business Bank): “The programme seeks to increase the aggregate amount of early-stage equity capital that is available to smaller businesses with high growth potential across the UK.

“It aims to raise the profile and professionalism of angel investment activity and to attract further third-party capital alongside business angels while generating a market rate of return.”

What are angel investors?

An angel investor can be either a person or a group who is looking to invest and work alongside new, innovative businesses to use their business acumen to boost the growth of the business and make a return on their own investment in the meantime.

Angel investors tend to invest in return for an average stake of around 10 and 25 per cent (according to the British Business Bank), but this can be up to a value of 50 per cent in some cases.

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