UKBAA CEO Jenny Tooth’s bi-weekly update – 27th June
The UK Business Angels Association Connected Investing Forum rolled into Newport, Wales this week for our fourth and final Connected Investing event, offering an important opportunity to focus on the importance of building a dynamic regional angel investment ecosystem across the UK. Our Forum is set in the context of the recent findings of the British Business Bank Equity Tracker report for 2018, which shows some important readjustment between London and the rest of the regions with 54% of all deals and 41% of total equity value invested in the regions in 2018 compared with 44% in 2017 and an overall increase of 29% in equity deals invested outside London. I was delighted to see such a dynamic investment scene in Wales where the Development Bank of Wales and Angels Invest Wales have been proactively supporting the growth of angel investing with a new £8m Angel Co-investment Fund.
This also reflects the news in the recent British Business Bank Equity Tracker report which showed that there has been some readjustment between the level of equity deals done in London compared to the regions with the amount invested outside London having increased by 29% in 2018 , although there remains still much to do to build more regional angel investment capacity across the UK. See: https://www.ukbaa.org.uk/wp-content/uploads/2019/06/Small-Business-Equity-Tracker-2019.pdf
I was also delighted to be part of the launch at the London Stock Exchange of the new 1000 Companies to Inspire Britain 2019 report which celebrated the amazing growth companies right across the UK with 70% of those growth companies based from outside London. These companies between them had created over 96,000 jobs. https://www.lseg.com/resources/1000-companies-inspire/1000-companies-inspire-britain
The event was a precursor to our Awards Gala Dinner next Tuesday when we are celebrating the many successful entrepreneurs across the UK who have achieved successful growth and the fantastic angels and early stage investors who have backed them. I am looking forward to meeting the amazing finalists for the 15 awards and hearing their great stories of achievement.