Hallidays have teamed up with the North West Business Angels to form Stockport Business Angels.
The first Stockport Business Angels event will take place on Thursday 12th November at Hallidays, Stockport. The ‘Dragon’s Den’ style event will see up to six new entrepreneurs and innovators pitching their products, services or ideas to an audience made up of successful ‘Business Angels’ to try and secure investment. The Business Angels can invest between £20,000 and £500,000 in the hope of receiving higher returns for investing in early-stage, growing businesses.
Nigel Bennett, MD, Hallidays said:
“Hallidays are delighted to be involved with initiatives that help the local community. We look forward to seeing the ideas that are constantly being generated by Stockport businesses”.
The Stockport Business Angels will offer a dedicated service, including one-to-one business support for angels and companies alike. It acts as a broker for business angels and investment-seeking companies in Stockport, bringing together like-minded investors who can share the investment risks. Hallidays plan to host a number of events annually.
Since 1993, members of the North West Business Angels have invested in over 250 companies across the region. Business angel investment has helped some companies to grow into strong, successful businesses, generating a healthy return for their investors.
Steven Wall, Access to Finance Specialist, Business Growth Hub:
“North West Business Angels are delighted to be working alongside Hallidays to support this initiative and provide an alternative source of funding for SMEs in the Stockport business community.”