The British Business Bank publishes the new UK Business Angels Market report 2020
The British Business Bank has published the new UK Business Angels Market report 2020 .The report 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.
The report has found that:
- 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; and
- Healthcare; biotech, life sciences and pharmaceuticals; and software as a service remain the most favoured sectors.
Data from the survey also shows that 41% of Business Angels have not been negatively impacted by Covid-19 while 9% are seeing a positive outcome, with the most popular reason given that sectors they have invested in have performed strongly despite the impact of Covid-19.
UKBAA CEO Jenny Tooth has shared her thoughts on the research in her latest blog.