The first Angel Hub will launch at Barclays Eagle Lab incubator in Birmingham in April, with the bank and the trade body connecting local angel investors to entrepreneurs.Barclays Eagle Labs plan was revealed at the start of March, with the company professing a plan to support UK businesses and entrepreneurs with a national network of the locations. Collaboration is at the core of the scheme, which will deliver mentoring, funding guidance and workspace to grow ideas and ultimately the business. Its not entirely unlike the programme from business accelerator Entrepreneurial Spark, which has tied up with NatWest. In fact, the first of the duos hubs also opened in Birmingham back in February 2015, which kick-started a rollout across the country. Richard Heggie, head of high growth and entrepreneurs at Barclays, said: We know that for UK businesses, access to the right types of funding plays a vital role in their growth and this partnership with the UKBAA will help ambitious entrepreneurs. We want UK scale ups to have access to a range of experts in our newly launched Eagle Labs. This supports our plans to help high growth businesses across the country achieve scale through tailored advice, funding and mentorship. Were pleased to start this partnership in Birmingham, which in turn will also help strengthen the angel community in the region, crucial to sustainable economic development.
Read more on business growth in Birmingham:
- Business secretary brews up Midlands Engine plan at old tea factory
- Sajid Javid hopes to rev up 222bn Midlands Engine with investment from China
- The four best cities in the UK for entrepreneurs looking to run a business
For all of George Osbornes talk of the Northern Powerhouse, it’s said to be the Midlands Powerhouse that has the advantage.By Zen Terrelonge
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