North East ‘Angels’ encouraged to support fast growth firms through new investment group

Fast growth North East businesses can put themselves in line for angel investment as angelgroups commit to ongoing events in the region.

Hosted by angelgroups-Newcastle, the events offer SMEs the chance to secure investment, mentoring and support.

angelgroups-Newcastle is encouraging more of the region’s high net worth individuals and business investors to join the group where they can be matched up with some of the region’s exciting young businesses.

SMEs can also be considered for potential investment opportunities by engaging with angelgroups, which will work with them to prepare their pitch for future events and allow them to create their profile on the angelgroups member hub.

Originally launched just before the pandemic, angelgroups-Newcastle has held a number of online events in the past two years and is excited to be running its first physical session in the region on 24th March.

Having been founded six years ago, angelgroups has run hundreds of pitching events across the UK, which has led to a significant number of businesses securing funding and support.  

Its North East group is supported by professional services businesses Ryecroft Glenton (RG), Ward Hadaway and Barclays Wealth, which is helping build angelgroup’s network in the region and bring clients and contacts together to create growth and investment opportunities for SMEs.

To become an angelgroups investor, individuals are invited to attend the event, which runs from 1pm to 5pm on 24th March at a central Newcastle location. 

Angels wishing to attend will need to register as a High Net Worth or Sophisticated Investor via

Martin Avison, founder of angelgroups, said: “We’re delighted to finally be bringing this opportunity to the North East.  The pandemic may have curtailed our timetable, but not our ambitions to support fast growth businesses in the region.

“This has consistently been a region of pioneering ideas ‐ now it’s time angel investors heard some of them. Receiving introductions to angels can make a significant impact on a business and not just because of the investment. This really is a great opportunity for any North-East-based, high-growth business or angel investor”.

Simon Whiteside, Partner at RG, said: “We work with many clients and professional contacts where strategic early-stage angel investing is a critical element of their investment portfolios and being able to support them with the opportunities provided by the angelgroups adds significantly to these relationships. 

“We are also engaging with many fast growth companies, in the region and beyond, where securing early-stage angel investment is a critical element of their growth plans and angelgroups is a fantastic platform for these businesses.”

Richard Clark, Director at Barclays Wealth, said: “Providing connections between North East businesses and potential angels can deliver major benefits to all parties and, of course, the economy. Through my professional and personal networks, alongside RG and Ward Hadaway I am proud to be supporting this activity to ensure all businesses and individuals can access the right advice at the right time, which is crucial to meeting their growth aspirations.”

James Nightingale, Partner at Ward Hadaway, said: “The North East has a strong heritage of supporting and nurturing SMEs with investment for growth and, despite the pandemic, we’ve seen first-hand the continuing momentum of innovation by the region’s entrepreneurs to present tremendous opportunities for investment into future success stories. 

“There continues to remain a strong demand for angel investment and Ward Hadaway are proud to be able to continue to support angelgroups in delivering a forum where investors can be introduced to these opportunities to support them in continuing growth and success.”

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