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Investors offered angel opportunity with new Grimsby group

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Investors offered angel opportunity with new Grimsby group

Business investors are being sought to support a recently-launched Grimsby group, with the intention of helping entrepreneurs in the area thrive with financial backing.

Law firm Wilkin Chapman is hosting an angel educational session next month, for existing angels and business people who have always wanted to know more, but never known where to start.

The session has been arranged by Martin Avison, who owns and runs five angel investment groups, with others established in Leeds, York, Sheffield and Hull.

He said: “We regularly run these sessions across the region and there is always huge interest. It isn’t all about investing and the tax breaks, significant as they are, but equally about supporting local businesses and giving back – something we refer to as smart money.”

The session, on March 20, will cover an overview of Angel investment, SEIS/EIS Tax relief, shareholder agreements and minority shareholder protections, with a session from Barclays Bank and a case-study from an experienced investor talking about the ups and downs of angel investment.

Adam Ottley, solicitor at Wilkin Chapman, said “After a successful first pitching session in 2017 and another planned, this educational session gives potential investors the opportunity to gain a better understanding of angel investment. By being able to openly discuss the financial and legal practicalities of investment, in addition to having the chance to ask questions of established angels investors, we hope this will further cement the group’s status in the area.”

Leading independent regional accountancy firm Forrester Boyd is also supporting the event.

Paul Tofton, partner, said: “Access to angel investment opportunities hasn’t been available to would-be investors locally in northern Lincolnshire up until now. This informally run session provides those interested in finding out more about how it works with an insight into the type of investment opportunities they may expect to see here in the future.”

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