The Angel CoFund

The £50m Business Angel Co Investment Fund (Angel CoFund) was launched in November 2011. The fund has been created with a grant from the Regional Growth Fund and invests alongside business angel syndicates from across England.

The 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 growing companies.

The fund is able to make initial equity investments of between £100K and £1M in to SMEs alongside syndicates of business angels, subject to certain geographical restrictions (see the post code lookup) and an upper limit of 49% of any investment round. Investment decisions will be made by the independent Investment Committee of the fund based on the detailed proposals put forward by business angel syndicates.

The fund is not open to direct approaches from individual businesses and those seeking investment should first secure the interest of the business angel syndicate or network. Businesses seeking investment can find more information on business angels, syndicates and networks from the British Business Angels Association website www.bbaa.org.uk.

The Angel CoFund has been established with the support of Capital for Enterprise Limited (CfEL). CfEL continues to provide both expertise and resource to ensure the successful execution of the Angel CoFund against its objectives. More information about CfEL can be found here.