INVESTMENTS by Scotland’s business angels could be generating as much as £100 million annually for the country’s economy, a new study has suggested.
A major review of the country’s longest-established angel syndicate, Archangels, has found that every £1 put into its portfolio of companies results in a contribution of between £7.08 and £8.94 to the country’s gross value added (GVA). In addition, Archangels’ companies have generated an estimated £1.3 billion of turnover since 1992, a multiple of 14.34 for every pound invested.
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