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Bell Pottinger North - Client News
Tuesday, July 04, 2006

4th July 2006


In the last two years, TEChINVEST investors have dug even deeper in terms of supporting North West start-ups and growing companies, with direct contributions topping the £1m mark this summer, and many multiples unlocked as a direct result of their involvement.

A total of 17 companies have shared this £1m investment in funding ranging from £5,000 to £100,000. The North West continues to nurture budding entrepreneurs and businesses looking for expansion from all sectors, including traditional manufacturing, food and drink, financial services and creative industries.

Commenting on the increase in angel activity in the region over the last 24 months, TEChINVEST adviser John Christian said: "We're seeing a definite upturn in private and equity investment as businesses look for the broader support and experience that only 'angels' can offer.

"Some of our recent successes have included £72,000 for Ennis Foods, a supplier of food to the airline industry, £75,000 for Life Settlements, a truly innovative insurance scheme, over £100,000 for a touch-screen technology company from six individual investors, and £20,000 for film production company North Country Pictures to help develop their feature film 'The Jealous God', which was recently released to British cinemas.

"While the average investment is probably around £50,000, TEChINVEST investors have invested as little as £5,000 and as much as £100,000. So, we really are a broad church - open to all-comers and particularly interested in talking to companies who can demonstrate growth potential, no matter what sector they are in."

One of the reasons behind the success of business angel finance may be the potential for mentoring and the first-hand experience and management expertise brought to the company by these individuals. Founder and manager of TEChINVEST, Vivienne Upcott-Gill explains: "The motivation for many business angels is as much about sharing their experience as it is about generating a return on their investment. As many have successfully run their own businesses before, they can provide a genuine 'warts and all' approach to business and help to pre-empt common pitfalls ahead of the game."

TECHiNVEST, the Northwest's equity advisory service provided by the Northwest Regional Development Agency (NWDA), is one of the UK's longest running and most successful business angel networks, with 4 out of 10 companies registered raising the finance they seek, either solely through angels or via the NWDA's Venture Capital and equity funds.

The TEChINVEST advisory team provides a single gateway through which any and all of these options can be accessed and undertakes to advise businesses on the most appropriate source of finance available. The team also works closely with companies to make them 'investment-ready' and help to structure a business case which is likely to prove appealing to investors.

For further information on the TEChINVEST service or to register your company, please visit our website www.techinvest.org or call 01925 400301/2/3.

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Press contact: Deborah Garritty at Bell Pottinger North (01625 506444)


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