Angel Co-Investment Fund Celebrates Strong First Quarter

 

The Angel CoFund has announced today the completion of its first five investments, with a total of £7.2 million committed to SMEs. Business and Enterprise Minister Mark Prisk joined some of the first businesses to receive funding, following the end of a strong first quarter for the Angel CoFund, which was launched on the 29th November 2011.

Business and Enterprise Minister Mark Prisk said: “Business angels play a crucial role in supporting new and growing businesses, and the Angel CoFund is helping small firms get the vital funding they need.

“The variety of businesses that are receiving this funding reveals the range of skills and exciting opportunities that are being created today. It is absolutely critical that ambitious small firms can access the finance that they need to expand and grow."

Read the full joint BIS and CoFund press release here.