Business Angel Co-investment Fund: Females

Department for Business, Energy and Industrial Strategy written question – answered on 1st March 2017.

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Photo of Diana R. Johnson Diana R. Johnson Labour, Kingston upon Hull North

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many and what proportion of the recipients of funding from the Business Angel Co-Investment Fund were (a) female entrepreneurs or (b) syndicates which included at least one female entrepreneur in each fiscal year since the Business Angels scheme was established.

Photo of Margot James Margot James Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Angel CoFund invests, on a commercial basis, in to companies that meet its investment criteria and are approved by its Investment Committee. As at the end December 2016, the Angel CoFund had invested and committed over £32 million, alongside a further £142 million from business angels and other investors, providing support for 68 businesses. While the specific data requested is not available, information on the portfolio is available here:

http://www.angelcofund.co.uk/news/2016-03-01/angel-cofund-four-years-on

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