Early Stage Angel Investment Fund Archives - Destination Chesterfield

Local business support boosted with launch of Early Stage Angel Investment Fund

23rd July 2024

‘Early stage’ businesses based in Chesterfield can now pitch to access new funding to support growth.

The Early Stage Angel Investment Fund (ESAIF) was developed by the D2N2 Local Enterprise Partnership (D2N2 LEP) ahead of it becoming part of the East Midlands Combined County Authority (EMCCA) earlier this year.

The Fund, which has been launched at events in Derby and Nottingham. aims to stimulate investment and growth in ‘early stage’ companies – those that have been trading between six and 24 months.

D2N2 LEP/EMCCA are contributing £4 million to the fund, match-funded by ESAIF fund manager, Haatch. Over the longer term these funds will be re-invested in the programme, to catalyse investment and growth for more early-stage companies.

The Derby launch event, held at Derby Arena, featured a video keynote address by Claire Ward, Mayor of the East Midlands , and presentations by D2N2 LEP Deputy Chair and EMCCA’s business representative David Williams MBE DL, Lewis Stringer of British Business Bank, Samantha Deakin of the University of Derby and Fred Soneya of ESAIF fund manager Haatch.

Claire Ward, Mayor of the East Midlands, said: “Supporting our local economy is one of my priorities as Mayor of the East Midlands and I’m delighted we’ve been able to launch the Early Stage Angel Investment Fund.

“I look forward to hearing all about the impact of this fund, how it supports our local businesses, and how it will help our regional economy thrive. I’m keen to see what we can achieve together through this significant investment and strong collaborative partnership.”

The Early Stage Angel Investment Fund was announced by D2N2 LEP Chair Elizabeth Fagan at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in Leeds earlier this year.

To find out more information about the Fund and to make an application visit: https://haatch.com/investors/haatch-d2n2-esaif/

If you’re looking for more support for your business, find out more about the schemes which may be applicable to you at: https://www.chesterfield.co.uk/business/business-support/

Early stage businesses in Chesterfield to receive support from new funding

24th May 2024

A new support fund for businesses which have been trading in our region for between 6-24 months has been officially launched.

D2N2 LEP Chair, Elizabeth Fagan announced the launch of D2N2 LEP’s Early Stage Angel Investment Fund at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF) in Leeds this week.

Speaking at the interactive panel session ‘Focus on the East Midlands, our Time is Now’, alongside East Midlands Mayor Claire Ward, Elizabeth said:

“I’m delighted to announce today that we are launching our Early Stage Angel Investment Fund here in Leeds at UKREiiF. The purpose of the Fund is to stimulate investment and growth in ‘early stage’ companies – those that have been trading between six and 24 months – that are based in Derby, Derbyshire, Nottingham or Nottinghamshire (the D2N2 region).

“D2N2 LEP is contributing £4 million to the Fund and this will be match-funded by our investment fund manager, Haatch. Our aim is that over the longer term, these funds will be re-invested in the programme, to catalyse investment and growth for further early stage companies.”

The partnership aims to drive economic growth by investing in emerging startups and entrepreneurial talent in the region.

D2N2 LEP is a leading force in driving economic growth and job creation in Derbyshire and Nottinghamshire. Haatch, is a leading venture capital firm known for its entrepreneurial roots and commitment to fostering innovation outside of London.

Over the next two years, the Haatch D2N2 ESAIF will invest in approximately 13 companies providing a significant step forward in unlocking the potential of Nottinghamshire and Derbyshire’s startup ecosystem and driving sustainable economic growth.

Further information about the Fund, visit https://haatch.com/investors/haatch-d2n2-esaif/

Delegates representing Destination Chesterfield and the town’s Property and Construction Group also attended the event in Leeds. Read our recent blog from Destination Chesterfield Manager, Dom Stevens reflecting on the success of the event.

For more information about the current business support on offer to businesses in Chesterfield, go to: https://www.chesterfield.co.uk/business/business-support/

D2N2 LEP supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 200 organisations across Chesterfield and North Derbyshire.