The right funding at the right time, coupled with the expertise that angel investors can bring, is often the key to unlocking rapid growth for smaller businesses wanting to expand, diversify, or enter new markets. A vibrant and healthy business angel market is therefore a key ingredient for a successful national economy.
Published today, the British Business Bank’s UK Business Angels Market Report 2020 reveals that angel investors across the UK are continuing to invest in early stage businesses and are optimistic about the future despite current economic uncertainty.
57% of business angels made an investment between April and July 2020
46% of business angels plan to build their portfolio in the current financial year
72% of angel investors are confident about the future growth in value of their portfolio
Healthcare; biotech, life sciences and pharmaceuticals; and software as a service remain the most favoured sectors
Catherine Lewis La Torre, CEO, British Business Bank, said: “Angel investors play a vital role in the economy, particularly in the scale up journey of smaller businesses. They provide ‘smart capital’; funding combined with business experience, strategic advice and networking opportunities, to support the growth of the businesses they back. Their investment, mentoring and expertise can be the key to unlocking rapid growth for companies wanting to expand, diversify, or enter new markets. It is therefore encouraging that they remain optimistic and continue to invest in and support companies in their portfolios.”