Business Angels & Venture Capital Northwest Business Angels 5 th September 2007
Equity finance available to NW companies… From £10K - £1m Flexible “equity” for early stage & established businesses with growth potential High risk seed & venture funds Money from Business Angels
Business Angel & Venture Capital is… Long term, committed share capital to help private companies grow and succeed, providing in many cases management support
Bank vs. Venture Capital Bank Debt Secured Capital & interest repayments Risk of withdrawal Monitoring relationship REPAYMENT – regardless of profitability Venture Capital Risk funding (share capital) Return only on success Committed Partner relationship - support GROWTH – no repayment until sufficient profit and value
Angel Investment Enterprise Investment Scheme statistics: Over 20,000 Business Angels in UK Investing between £800m & £1bn annually True figure much higher!
NWDA supported seed & venture capital sources NW Business Angels – advice, support, gateway to angels & funds - £10K - £500K NW Business Investment Sch. - £50K - £1m NW Seed Fund – up to £350K Rising Stars Growth Fund - £30K - £1m (technology)
Other public supported VC funds NW Equity Fund – up to £660k Coalfields Enterprise Fund - £40k - £500k Bridges Community Ventures - £150k - £5m NESTA - £50k - £500k (early stage technology) Enterprise Capital Funds - £500k - £2m
What makes a plan stand out to a Fund Manager? I was expecting it Tells me what I want to know Meets fund criteria Succinct with evidence Believable Makes me want to meet you
The Gateway to Angels and VC Funds Northwest Business Angels Tel
And finally…. Northwest Small Business Loan Scheme Loans of between £3,000 and £30,000 Early stage & Start-up Growth potential and Social Enterprise BME and Sharia Compliant Loans