The U.K. Government-backed Angel CoFund is celebrating its first anniversary this month. It has £50 million of public money to co-invest alongside established angel investors in startups that it deems worthy. In times of economic difficulty how does the fund justify spending public money in supporting private companies when a functioning market already exists?
The strategic aim of the Angel CoFund is to help to develop angel investment in England, increasing the amount of angel capital deployed but ensuring that does not come at the detriment of quality. The U.K. government has announced a number of schemes to increase the tax benefits for angel investors in the hope of stimulating the sector.
To read the full, original article click on this link: Is Angel Investment a Legitimate Use of Tax Payers’ Money? - Tech Europe - WSJ
