The City of London Corporation has just announced its new Angels in the City scheme, which aims to recruit a new pool of 125 new angels drawn from the Square Mile (the UK’s financial and business epicentre) and generate £10m of investment for Tech City. Tech City is home to one of the largest concentrations of small, fastest-growing digital technology companies in Europe. The government-backed area, which includes Old Street, Shoreditch and extends out to the Olympic Park in Stratford, is home to a cluster of more than 500 high-growth potential SMEs. Around 40 Tech City businesses and tech startups will benefit from the new scheme, creating an extra 200 new jobs per annum. Potential investors will be invited to workshops and roundtable events on the investment process, risks and rewards, and how to take advantage of tax breaks. “Angels in the City is directly sending a welcome message to City of London and other investors to roll-up their sleeves and work with us to help create the next generation of tech and digital growth businesses right here in Tech City,” says Eric van der Kleij, CEO of the Tech City Investment Organisation. “It’s the right time to start and invest in young tech and digital businesses.”
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.