Dragons breathe fire into local economy
In the two years since their first investment members of the Anglia Capital Group (ACG) have contributed over £2 million to Norfolk and Suffolk based high growth SMEs.
ACG’s Hannah Smith said: “to date members have invested in 16 companies, enabling businesses to grow and create jobs in sectors ranging from digital technology to fashion accessories.” She added: “Currently we have 24 members, both individual and corporate, from a variety of business backgrounds contributing both funding and expertise to high growth companies in the region.”
ACG is supported by the New Anglia Local Enterprise Partnership’s (LEP) New Anglia Capital fund, which co-invests alongside business angels in Norfolk and Suffolk. The LEP’s CEO Chris Starkie said: “We’re delighted that the LEP’s New Anglia Capital project has been able to support such a broad range of high-growth businesses in Suffolk and Norfolk. Early stage business investment has a significant role to play in our ambition to grow the economy of the East. These businesses are often at the leading edge of their industry, providing an environment of innovation and high productivity jobs for our two counties.”
One of the beneficiaries of funding from ACG Members is the clean tech engineering company MSF, which since raising this investment has employed over 60 people.
David Morgan, MD of MSF said: ”funding from ACG members has played an important part in enabling MSF to develop. Every business knows how important access to finance is to growth, so it’s great to have an active angel investor network on our doorstep”.
If you would like to become a business angel or you are looking for funding to take your business to the next level please contact Anglia Capital Group via their website: www.angliacapitalgroup.co.uk.