Published today, the British Business Bank’s UK Business Angels Market report 2020 reveals that angel investors across the UK are continuing to invest in early stage businesses and are optimistic about the future despite current economic uncertainty.
- 57 per cent of business angels made an investment between April and July 2020
- 46 per cent of business angels plan to build their portfolio in the current financial year
- 72 per cent of angel investors are confident about the future growth in value of their portfolio
Healthcare; biotech, life sciences and pharmaceuticals; and software as a service remain the most favoured sectors. Despite almost half of angels reporting a negative impact on their investment activity from Covid-19, overall the business angel population remains supportive of UK businesses and have a positive outlook for future investment.
More than half (57 per cent) of the angel investors surveyed had made an investment between April and July 2020, with 46 per cent expecting to make new investments to add to their portfolio during the remainder of the financial year.