Business
Participation in ?50m Business Angel Co-Investment
Participation in ?50m Business Angel Co-Investment.
About this update from Truetide Plc
[{"type":"text","content":"\n \nRNS Number : 8816E Braveheart Investment Group plc 14 April 2011 \n \n\n14 April 2011\n \nBraveheart Investment Group plc\n \nParticipation in £50m Business Angel Co-Investment Fund \n \nBraveheart Investment Group (AIM: BRH) ('Braveheart' or the 'Group'), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices, is to participate in a £50 million Business Angel Co-Investment Fund ('CoFund') to be established under the Regional Growth Fund. \n \nBraveheart was one of five private sector participants that, working alongside Capital for Enterprise Ltd (CfEL), submitted the proposal to the Regional Growth Fund in January of this year. The CoFund is expected to closely mirror the structure of the Scottish Co-investment Fund which Braveheart helped set up in 2003 and in which it was one of the first private sector partners. The CoFund will be available to co-invest alongside approved business angel syndicates who invest their own money in qualifying deals. Braveheart and other founder participants will work alongside CfEL in developing the fund and providing advisory assistance. \n \nGeoffrey Thomson, Chief Executive of Braveheart, said: \"The Scottish Co-investment Fund provided a very important boost to the angel community when it was introduced in 2003. Whilst, at £50 million this new fund is relatively modest in size, I expect it will have a strongly positive impact on the English market and we are absolutely delighted that the Regional Growth Fund has seen fit to make such an award. We look forward to working with CfEL to make this fund a success thereby generating economic activity that will create employment and wealth for current and future generations in those areas of the UK that most need them.\"\n \nFor further information please visit:\nwww.braveheartinvestmentgroup.co.uk\nhttp://www.capitalforenterprise.gov.uk/ukiif\n \nOr contact:\n \n\n\n\n\nBraveheart Investment Group plc\n\n\nSeymour Pierce\n\n\n\n\nGeoffrey Thomson, Chief Executive\nTel: 01738 587555\[email protected]\n\n\nJohn Cowie (Nominated Adviser)\nJeremy Stephenson, Paul Jewell (Corporate Broking)\nTel: 020 7107 8000\n\n\n\n\n \n\n\n\n\n\n\n\nMedia inquiries\n\n\n\n\n\n\n\nA...