New Anglia LEP \ New Anglia Capital Ltd
New Anglia LEP is the Local Enterprise Partnership for Norfolk and Suffolk. Established by Government, it is responsible for growing the economy of the two counties by addressing barriers to growth including addressing issues surrounding finance, skills and infrastructure.
In response to the perceived lack of risk-capital available to growing and start-up businesses, New Anglia LEP has established New Anglia Capital Ltd as a subsidiary for the purposes of building an angel investor network in Norfolk & Suffolk, with a view to providing equity finance to early-stage and growth-potential companies in the two counties on a co-investment basis with angel investors.
Banks rarely take equity stakes in high risk businesses yet it is through equity investment that start-up businesses can grow into large concerns. New Anglia Capital’s objective is to overcome this market failure by providing early stage and development finance for businesses with high growth and jobs potential
Development of an angel finance network to support entrepreneurs and expanding knowledge-based businesses have been identified as key strands in the LEP’s sector growth strategy by bringing together groups of high net worth individuals and investment opportunities to create new jobs and businesses in the two counties.