London Business Angels is delivering the angels in the city initiative with the support of European Regional Development Fund, Lloyds TSB Commercial, and The City of London Corporation.
European Regional Development Fund (ERDF)
The ERDF aims to strengthen economic and social cohesion in the European Union by correcting imbalances between its regions. It manages the EU funding which is dedicated to regional development. ERDF supports the projects and activities that stimulate the regional economic development and reduces the economic disparity within the member states of the EU.
The Angels in the City initiative is co-funded by the ERDF as part of the Capital Accelerator Programme (CAP). CAP aims to provide additional new resources, expertise and know-how to both expand and enhance the provision of support available in London to innovative businesses in the digital, science, and technology sectors. CAP and indeed Angels in the City programme ultimately aim to help London based SMEs with high growth potential to receive intensive advice and practical support that will enable them to raise investment funding from business angels and early stage venture capitalists and thereby enable these SMEs to create new jobs in London.
City of London
The Angels in the City scheme is part of the City of London Corporation’s wider commitment to supporting burgeoning businesses in and around the Square Mile.
As the body providing local government services to the Square Mile, the City of London Corporation’s primary role is to support and enhance the business City – a world-leading international financial and related business services centre. The City of London Corporation is also committed to working with its neighbours to support the regeneration of local communities. The City of London or “Square Mile” shares its borders with some of the country’s most deprived boroughs where unemployment remains high.
“At a time when access to finance is such a pressing issue for entrepreneurs, Angels in the City is focused on encouraging individuals from the Square Mile to consider investing in early stage businesses."
Chairman of the policy and resources, City of London Corporation
Lloyds Bank is a longstanding supporter of the Business Angel Investment Market through its links and sponsorship of the trade body UK Business Angels Association over the past ten years. The Bank is also pleased to host and support many of LBA’s Company Presentation Events as well as being a strategic sponsor of the Angels in the City initiative alongside the City of London Corporation. As part of Lloyds Banking Group, Lloyds Bank supports small to medium-sized enterprises (SMEs) with a turnover of up to £15 million. The bank provides dedicated day-to-day banking services, specialist guidance and tailored lending packages to businesses across all sectors. Its network of relationshipmanagers across London have the experience to act as a sounding board for ideas, and they can also help companies to access other sources of guidance and support – from selected companies emphasis on a long-term, relationship-led approach to banking and is committed to providing entrepreneurs and start-ups with a service that goes beyond day-today banking facilities. It has the experience and tools to provide the guidance and tailored financial packages to enable businesses to grow and flourish throughout the economic cycle.
LBA is one of the oldest, most respected and successful Business Angel Investment Networks in the UK and indeed Europe. Since 1982 we have been connecting high growth small and medium sized enterprises with investment through our network of experienced and discerning business angel investors. London Business Angels is a founding member of the UK Business Angels Association, the industry's best practice trade association. LBA is also a member of EBAN, the European Business Angels Network.