The Angel CoFund
The £50m 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 strong syndicates of business angels, subject to certain geographical restrictions (see the post code lookup) and an upper limit of 49% of any investment round. The fund will only make investments alongside Syndicates of business angels, who must be investing in a given business for the first time. Any final decision to invest will be made by the independent Investment Committee of the fund based on the detailed proposals put forward by business angel syndicates. The fund will only make commercial investments.
For more information on what makes a business angel Syndicate or other Investment Criteria see the Looking for Investment link on the left.
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 UK 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.