Unlocking the power of women as angel investors

Author

UK Business Angels Association

08 March 2017

Only 14% of angel investors are women, said a survey commissioned by the UKBAA and Centre for Entrepreneurs in 2015; and UKBAA doesn’t think figures have substantially changed since then. The trade body for angel and early-stage investing is launching a two-year campaign on International Women’s Day to build the proportion of women angel investors to at least 30%.

UKBAA believes this will not only benefit female entrepreneurs, who at present have to pitch for investment to a community comprised largely of men, but will also pay dividends to the high net worth women with financial capacity and business experience who are currently missing out on the opportunity to back the UK’s high-potential entrepreneurs.

Jenny Tooth, CEO of UKBAA, said:

“With so many great women across the UK succeeding as entrepreneurs and professionals, it does not make sense that so few of these are using their money, skills and expertise to back the next wave of early-stage businesses.

“At this time when the UK economy is going through major shifts and changes, there could not be a more important time to ensure we have a diverse base of angel investors; and raise the level of awareness and understanding to enable many more women to engage with the opportunity to become business angels.”

UKBAA and Angel Academe, the award-winning angel network, are launching a European Commission-backed piece of research that aims to identify the barriers to high net worth women engaging with angel investing. The aim is to identify key actions that can be taken over the coming two years to reverse this trend. Data will be benchmarked across six European countries.

UKBAA’s campaign to build the proportion of women angel investors to 30% will cover four key areas: the European Commission-backed research; an ambassadorship programme to encourage active women investors to raise awareness and promote opportunities for angel investment across the UK; a Women in Angel Investment summit in June 2017; and an education initiative that includes the development of a new e-learning programme to provide would-be angel investors with the knowledge and skills they need to succeed.

Notes to Editors

1.       The 14% figure comes from “A Nation of Angels”, a study commissioned in 2015 by UKBAA in association with the Centre for Entrepreneurs (CFE) and with the support of the BVCA, Deloitte, Barclays and the ESRC. Further details are here: https://www.ukbusinessangelsassociation.org.uk/news/nation-angels-2015-main-findings/
2.       The European Commission-backed research, ‘Women Angels for Europe’s Entrepreneurs’, is being coordinated by Business Angels Europe and data will be gathered from six countries: the UK, France, Italy, Spain, Portugal and Belgium. UKBAA is leading at UK-level.
3.       About us: UKBAA is the national trade association for angel and early-stage investment, representing over 160 member organisations and around 18,000 investors. Business angels in the UK collectively invest an estimated £1.5 billion per annum and are therefore the UK’s largest source of investment for startups and early-stage businesses seeking to grow. UKBAA’s members include angel networks, syndicates, individual investors, early-stage VCs, equity crowdfunding platforms, accelerators, professional advisers and intermediaries.
4.       For more information and to get involved in the campaign, contact jenny.redman@ukbaa.org.uk / 020 7492 0494

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