Today, at an event hosted by Stuart Fraser, Chairman of the Policy and Resources Committee, the City of London Corporation announces the launch of a new flagship scheme, Angels in the City. Delivered in partnership with London Business Angels, the scheme aims to generate over £10m of new Angel investment per annum to further power the growth of Tech City and boost other entrepreneurs in the surrounding areas.
Tech City is home to one of the largest concentrations of small, fastest-growing digital technology companies in Europe. Tech City, the Government-backed area which includes Old Street, Shoreditch and extends out to the Olympic Park in Stratford, is already home to a cluster of over 500 high-growth potential SMEs.
The Angels in the City scheme is part of the City of London Corporation’s ongoing commitment to supporting SMEs and boosting London’s global positioning as a leading entrepreneurial centre. Since 2010, the City of London Corporation has invested over £1m in supporting small businesses in its neighbouring boroughs. Read more
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