Business Angel Co Investment Fund (Angel CoFund)

Equity funding scheme that invests alongside business angel syndicates from across the UK, designed to boost the quality and quantity of business angel investing in the country, and to support long-term, high quality jobs in growing companies.

Initial equity investments of between £100,000 and £1 million will be made in SMEs alongside syndicates of business angels, subject to certain geographical restrictions.

The Fund will provide up to 49% (although by preference will be a smaller proportion) of the capital in investment rounds ranging from £200,000 upwards. The size of the investment proposed needs to be significant enough to properly Fund the business and to allow for the cost of proper due diligence and legal advice.