Is your business ready for Brexit? The UK left the European Union on 31 January 2020 and entered a transition period which is due to end on 31 December 2020.
Published recently, the British Business Bank’s UK Business Angels Market Report 2020 revealed that angel investors across the UK are continuing to invest in early stage businesses and are optimistic about the future despite current economic uncertainty.
The right funding at the right time, coupled with the expertise that angel investors can bring, is often the key to unlocking rapid growth for smaller businesses wanting to expand, diversify, or enter new markets. A vibrant and healthy business angel market is therefore a key ingredient for a successful national economy.
- 57% of business angels made an investment between April and July 2020
- 46% of business angels plan to build their portfolio in the current financial year
- 72% of angel investors are confident about the future growth in value of their portfolio
- Healthcare; biotech, life sciences and pharmaceuticals; and software as a service remain the most favoured sectors
Catherine Lewis La Torre, CEO, British Business Bank, said recently: “Angel investors play a vital role in the economy, particularly in the scale up journey of smaller businesses. They provide ‘smart capital’; funding combined with business experience, strategic advice and networking opportunities, to support the growth of the businesses they back. Their investment, mentoring and expertise can be the key to unlocking rapid growth for companies wanting to expand, diversify, or enter new markets. It is therefore encouraging that they remain optimistic and continue to invest in and support companies in their portfolios.”
To find out more, you can read the UK Business Angels Market Report
Further information can be gained from the UK Business Angels website.
If you are thinking of taking this route to help you start-up or support your business and would like some advice, please contact us . For those who keen to improve their business efficiency, get in touch to talk about our business support services.