£8m angel fund boost for East Mids early stage companies

Elizabeth Fagan with Claire Ward

D2N2 LEP chair Elizabeth Fagan has announced the launch of D2N2 LEP’s £8m Early Stage Angel Investment Fund at UKREiiF in Leeds.

Speaking at the interactive panel session ‘Focus on the East Midlands, our Time is Now’, alongside East Midlands Mayor Claire Ward, Fagan said: “I’m delighted to announce today that we are launching our Early Stage Angel Investment Fund here in Leeds at UKREiiF.

“The purpose of the Fund is to stimulate investment and growth in early stage companies – those that have been trading between six and 24 months – that are based in Derby, Derbyshire, Nottingham or Nottinghamshire (the D2N2 region).

“D2N2 LEP is contributing £4 m to the Fund and this will be match-funded by our investment fund manager, Haatch. Our aim is that over the longer term, these funds will be re-invested in the programme, to catalyse investment and growth for further early stage companies.”