BUSINESS angels have increased the support they provide to potential high-growth firms in Scotland by 10%, according to figures which highlight their growing importance to the economic development effort.
BUSINESS angels have increased the support they provide to potential high-growth firms in Scotland by 10%, according to figures which highlight their growing importance to the economic development effort.
assistance: Angels have often filled the void in the business world left by private equity firms in recent years. Picture: Julie Howden
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MARK WILLIAMSON
Linc Scotland, the association of networks of angels and individual investors, said members invested £22.4 million in companies during the year to June, compared with £20.4m in the preceding period.
The funding was split between 64 companies in the latest period, up from 61. This suggests that members of LINC Scotland still found plenty of investment opportunities that met their demanding criteria despite the uncertain economic environment.
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