Edinburgh-based Par Equity has been enlisted by British Business Investments to allocate £15 million of funding for scale-ups as a partner in the Regional Angels Programme.
The cash from BBI – a commercial subsidiary of the British Business Bank – will be added to £60 million being invested by Par Equity in businesses mainly in Scotland, the north of England, and Northern Ireland.
The announcement coincides with Par Equity’s first use of Regional Angels capital. It has completed a £1.6 million investment in tech firm EC-OG and its subsea energy management hub Halo, which will create up to 40 jobs in Aberdeen.
The Par Investor Network, which has nearly 200 members, invests alongside the Par EIS Fund to add value to businesses. The Regional Angels Programme will also support Par’s follow-on investment activity in its portfolio.
Read more HERE.
