Investment: Women
The question
To ask the Secretary of State for Business and Trade, if he will make an assessment of the potential merits of establishing a co‑investment fund with diverse angel investors.
Answered by Blair McDougall
The British Business Bank's Angel Co-Fund programme already invests alongside syndicates of Business Angels. Every £1 invested by the Angel Co-Fund has leveraged around £5 from Angel syndicates.
The Bank is also expanding its Angel Syndicate Programme to support diverse Angel networks. The programme's pilot engaged 185 new Angel investors, of whom 176 were female and 9 were male. Since launch of this pilot programme in 2023, the Bank has completed 29 investment deals worth £18.4 million.
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