Manchester are set to get their own ‘angel hub’ which will pair investors up with start-ups.
GC Angels, who are the angel investment section of the Growth Company is joining up with the UK Business Angels Association (UKBAA) to launch the new facility.
The hub will be based at the Growth Company’s Churchgate House in Manchester.
Manchester are joining this successful network that is already present in Leeds, Birmingham, Bristol and Belfast.
Mark Hughes from the Growth Company stated:
“Business angels are the UK’s largest source of investment for startups and early-stage businesses and we know that there is real demand for both their investment and their expertise in Manchester.
“Investors and businesses all have unique motivations, ambitions and working styles and by working with the UKBAA to create a new angel hub in Manchester we are creating a dedicated space where investors can meet and really get to know local entrepreneurs in an informal environment.
“The hub will also give new and experienced angels the opportunity to network with their peers and to learn more about how they can maximize their investment and become an integral part of the local innovation community.”
Jenny Tooth, the CEO of UK Business Angels Association, the national trade association for angel and early-stage investment said:
“Our mission at UKBAA is to build and grow a thriving angel community in all parts of the country.
“We are delighted to be working with GC Angels in establishing this new Angel Hub for Manchester, offering a vital new resource to build further angel investment capacity in this dynamic region.
“Operating from Churchgate House, the angel hub will offer extensive facilities for existing investors and new would-be investors to connect, access information and education, build new relationships and identify new opportunities for investing and co-investing in Manchester’s exciting entrepreneurs.
“Notably, we see the Angel Hub as an opportunity to build an effective and cohesive ecosystem for the region with the opportunity to build links with many key players in the finance chain to support angel investing from start-up to scale-up”.