Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1190536582
October 17 2018

SME investment hampered by business angel myths

Marc Shoffman News, SME News business angels, Jenny Tooth, p2p, SMEs

STARTUPS and small firms are missing out on potential investment due to misconceptions over who can become a business angel, research claims.

Analysis by the UK Business Angels Association (UKBAA) found that 75 per cent of business angels were aged 45 or over with a fifth over 65, while younger generations feel there is a gender and ethnicity imbalance.

More than a third (37 per cent) of 18-34-year-old respondents – compared with 11 per cent of over-55s – claimed it is easier for a man to become an angel investor.

A quarter of those 18-34-year olds who formed part of an ethnic minority did not feel they “fitted into the profile” of an angel investor, compared with just five per cent of over-55s and 21 per cent of over-65s.

The UKBAA has launched an e-learning programme to raise awareness and counter misconceptions so investors of all ages, genders and ethnicity can support local startups and small businesses as business angels.

Read more: British Business Bank launches £2.5bn patient capital programme

“As the trade body for angel investing across the UK, we want to help many more people to use their spare financial capacity and business experience to become angel investors,” Jenny Tooth, chief executive of the UKBAA, said.

“Yet we know that the angel investing process can seem difficult to understand, or to know how to make the right investment decisions, or how to mitigate the risks.

“So we have brought together the insights and expertise of a diverse group of 22 experienced angels from across the UK, combined with latest technical details on the angel process, delivered through an easy to use online learning experience.”

Read more: Business angels favouring fintech investment

Read more: British Business Bank’s EFG scheme hits £3bn lending milestone

Funding Circle IPO could trigger wave of sector consolidation ThinCats launches £50m funding programme for West Midlands

Related Posts

magnifier

Industry News, News, Top 3

Trade association calls for more FCA scrutiny

FOLK2FOLK - Roy Warren MD - head crop (col)

Industry News, News, Top 3

Folk2Folk eyes £100m from institutions as it expands nationally

the acronym fca for Financial Conduct Authority concept represented by wooden letter tiles

Industry News, News, Top 3

FCA to publish initial supervisory work on consumer credit guidance

Popular posts:

  • Chancellor unveils recovery loan scheme
  • Budget outlines plans for £15bn of green bonds in 2021
  • FCA warns The House Crowd investors against using…
  • Government to launch replacement future fund scheme
  • BBB sets out further details on recovery loan scheme
  • Cyan Finance launches IFISA to help investors go green
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by