This time last year I wrote a piece called 7 Positives for the UK Startup Scene from the Autumn Budget. One of those positives was the promise of support for regional investment programmes. The British Business Bank would establish ‘new investment programmes to support business angel groups outside of London’.
Well, a year on and they’ve come good on this promise. Here’s an extract from their Press Release from earlier today:
British Business Investments, a commercial subsidiary of the British Business Bank, today launches a new £100m Regional Angels Programme designed to help reduce regional imbalances in access to early-stage equity finance for smaller businesses across the UK. Such finance can play an important role in funding businesses with growth ambitions.
You can read the full Press Release here
The programme’s website along with a request for proposals can be found here