Supporting Business Angel Investment in the West Midlands

• Advantage West Midlands operates a Transactional Support Scheme to encourage investment in West Midlands based businesses through business angel networks (BANs).
• Participation in the Scheme is open to any full member of the BBAA on their entering into a Registration Agreement with Advantage West Midlands.
• The scheme provides a subsidy towards the success fee which a BAN charges in respect of a successful fundraising for smaller deals (i.e. those raising between £25,000 and £250,000 of angel investment via individuals or qualifying investments by owner/managers into 3rd party businesses through their companies rather than investing directly).
• The amount of the subsidy reduces as the size of fundraising increases, reflecting the generally accepted view that BAN fees for fundraisings of larger amounts can be charged without the cost to the investee company being disproportionately large.
• The subsidy will enable a BAN to receive an economic fee for smaller fundraisings without the cost to the investee company being prohibitively expensive.

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