Business angel investment surges in Scotland as economy opens up again

BUSINESS angel investment in Scotland is on course to hit a record high this year in a development that suggests confidence in the prospects of early stage firms is strong amid hopes an economic recovery is underway.

Scotland-based angel investors led £70.24 million of investments in the first half of this year, putting them on track to beat the record annual total of £85.79 million set in 2019.

The total value of investments led by LINC Scotland members fell to £74.4m last year, during which the fallout from the coronavirus crisis may have made angels reluctant to commit to deals.

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