This Fund invests with syndicates of business angels who are interested in investing in SMEs in qualifying areas of England.
The Angel CoFund is a £100m investment fund with objectives to back promising UK businesses and help develop the important business angel investment market.
Launched in November 2011, the fund makes initial investments of between £100K and £1M, alongside syndicates of business angels in order to support high potential businesses and give them the capital they need to develop and propel growth.
Since launch the fund has invested in excess of £19M, alongside a further £90M from business angels and other investors, providing support for 47 companies.
The fund invests across the UK and will consider proposals for businesses at all stages of development and in most sectors, provided they qualify as an SME.
The critical criterion in securing investment from the CoFund is the presence of a strong group or syndicate of private angel investors who are looking to make a good commercial investment.
It should be noted that the fund is not open to direct approaches from individual businesses, so if you are looking for investment you should first secure the interest of a business angel syndicate or network.
The CoFund is supported with capital investment from the British Business Bank.