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European Investment Bank funding down 91%

European Investment Bank funding down 91%

Business angels vital to successful post-Brexit economy

The European Investment Bank, a key source of funding for the country’s regional SMEs, has begun to pull back from the UK ahead of Brexit with recent figures showing that funding from the EU’s investment arm is down 91% compared with the previous year. As the burgeoning UK tech sector continues to grow, the role of angel investors in stepping up and supporting their local start-ups and scale-ups is more prominent than ever.

As they open their first Angel Investment Hub in Manchester – serving as the city’s first co-working space for investors – I wanted to introduce you to the UK Business Angels Association. Jenny Tooth, CEO of the UKBAA, would be keen to discuss how angel investment and alternative finance solutions are now of critical importance to UK SMEs in light of the retreat of European capital.

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