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February 6, 2023
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Finance

British Business Bank to help with business angel clusters outside London

Sheffield’s British Business Bank is, alongside UK Business Angels Association, starting a new commercial programme to back up development clusters of economic angels outside London.

The new strategy will deliver further improvements on the business angel ecosystem by helping the ability to leverage existing angel structures.

British Business Bank recently conducted research in association with the british isles Business Angels Association, into the current angel investment landscape.

The report demonstrates that when investing into an SME, most importantly, angels value draught beer the entrepreneur C even ahead of the strategic plan. 93% of the surveyed asserted it turned out vital that entrepreneurs possessed the ideal skills and experience, while 89% viewed the potential for this business to quickly attain growth and scale when the biggest factor.

The report also found, overwhelmingly, the angel landscape is covered with London and also the South West. With 35% of angels within london, in addition to a further 22% during the Se it makes sense that 43% of all angel investment transpires there.

“The findings in this report show extremely positive symptoms of continuing increase in the angel market, but many regions still show an underserved volume of angel investment,” said Jenny Tooth OBE, Chief Executive, UK Business Angels Association.

“We therefore welcome the British Business Bank’s implementation on this major new commercial investment programme to stimulate new regional business angel clusters.”

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