Angels in the City aims to increase the awareness of individuals to become investors and to bring their financial capacity and business experience to invest in innovative, entrepreneurs with high growth potential in the City fringes, including the exciting Tech City cluster. The City of London Corporation has been the core supporter and the initial funding partner of the Angels in the City initiative since its launch in October 2011 which is being delivered by LBA, being one of the oldest and most established angel groups in the UK, bringing over 33 years of investing experience and capacity building of angel investors. Lloyds Bank has joined us to support this work since April 2013 and from February 2014 to September 2015 Angels in the City was also supported by the European Regional Development Fund.
Investing in City fringe businesses
Individuals working in the City have the potential to become Angel Investors, drawing on their financial capacity and extensive business experience to provide investment into City fringe businesses with high growth potential. Business Angels not only bring much needed financial resources, but also bring business skills and experience, market contacts and strategic advice, thereby significantly increasing the potential of the investee company to achieve success. Large numbers of entrepreneurs in the City fringe areas are developing innovative businesses which offer important investment opportunities.
The Angels in the City Activities:
The Angels in the City Programme launched with great success in 2011, with over 200 people from the Financial Square Mile attending the launch event on 26th October 2011, hosted by the City Corporation of London. Since then, 20 investor workshop events have been organised between November 2011 and July 2014, delivered by LBA, involving expert speakers and experienced investors and attended by over 250 individuals from a range of city-based organisations.
The investor workshops cover all the key steps in the Angel Investment process working through all the key steps of how to identify and structure an angel deal including case studies from experienced investors and tips on investing, as well as details from experts on tax breaks and legal aspects.
Every 3 to 4 months, Angels in the City hosts entrepreneurs’ pitching events at which 6 to 7 selected potentially SEIS/EIS eligible technology companies from city fringes and the Tech City cluster present their opportunities to the Angels in the City community. Over 150 companies have now participated in this series of pitching opportunities, many of whom have gone on to raise finance either directly or indirectly through the programme.